 The commodity reserve currency chapter: Friedrich A. Hayek, John Maynard Keynes, and the International Monetary OrderKeanu Telles () Brazilian Journal of Political Economy, 2023, vol. 43, issue 3, 619-645 Abstract: The frontal clash in the pages of Economica between Friedrich A. Hayek andJohn Maynard Keynes in 1931 was unique in scale and influence. Although this eventhad intense repercussions on the profession as a whole, in 1943 occurred a less discussedepisode involving both men. Hayek and Keynes entered into controversy regarding the refoundationsof the international monetary order post-Second World War and the commodityreserve currency proposal. This round was somewhat neglected but is historiographicallyrelevant since it was the only public debate with the active engagement of both sides ina professional journal after 1931. Moreover, it epitomized the personal and intellectual mature relationship of Hayek and Keynes, marked by convergence, dialogue, and friendship.This collaboration was particularly developed when the London School of Economics (LSE)evacuated to Cambridge during the Second World War and Keynes found rooms for Hayekin King’s College, Cambridge. JEL Classification: B25; B31; B41. Keywords: Friedrich A. Hayek; John Maynard Keynes; Benjamin Graham; commodity reserve currency; international monetary system (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:43:y:2023:i:3:p:619-645:id:2418 Access Statistics for this article More articles in Brazilian Journal of Political Economy from Center of Political Economy |
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