The Collapse of Post-War International Economic Order

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 6 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 117-130 from Springer

Abstract: Throughout history a handful of people can claim that they have changed the world; President Richard Nixon Nixon, President Richard is one of them. Politically one can cite his trip to China. Economically one can cite his epoch making speech of August 15, 1971. The President addressed the nation to announce that “the time has come for a new economic policy for the United States.” The goal is “prosperity without war.” In particular, “we must create more and better jobs; we must stop the rise in the cost of living; we must protect the dollar from the attacks of international money speculators.” To achieve the three goals the following policies were to be implemented.

Keywords: Exchange Rate; Trade Deficit; Flexible Exchange Rate; Fixed Exchange Rate; Income Policy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_6

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DOI: 10.1007/978-3-540-77008-4_6

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