The International Monetary Problem

Lionel Robbins

Chapter 24 in Economic Science and Political Economy, 1997, pp 389-402 from Palgrave Macmillan

Abstract: Abstract The thesis I shall attempt to maintain in this paper is that the international monetary problem is essentially political in nature. I shall argue that it arises from tendencies which are very deep-seated in the life of modern states; that these tendencies are not all to be regarded as necessarily perverse or sinister in intention or indeed in outcome; and that therefore the solution, or, better said, the solutions, to the problem must be themselves political. These are propositions of great generality, and for the most part their supporting argument will move on the same plane. I hope, however, that there will be some morals and some incidental observations more immediately relevant to contemporary reality.

Keywords: Exchange Rate; Money Supply; Grave Disturbance; Capital Movement; Credit Expansion (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12761-0_25

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DOI: 10.1007/978-1-349-12761-0_25

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