The London Monetary and Economic Conference of 1933: A Public Goods Analysis

Rodney J. Morrison

American Journal of Economics and Sociology, 1993, vol. 52, issue 3, 307-321

Abstract: Abstract. Hegemony theorists attribute the duration and severity of the Great Depression to the fact that, in 1933, the United States refused to take the place of Great Britain as world economic leader. This argument is based on the proposition that a major power must coordinate the international monetary and trading systems if is to obtain in those sectors. This thesis is reappraised by applying the theories of public goods, clubs, and public choice to the London Monetary and Economic Conference of 1933, an occasion when the United States declined the role of world economic hegemon. Dig deep tunnels, store grain everywhere, and never seek begemony.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1993.tb02552.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:52:y:1993:i:3:p:307-321

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().