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Palgrave Macmillan

Ideology and the International Economy

The Decline and Fall of Bretton Woods

  • Book
  • © 2003

Overview

Authors:
  1. Robert Leeson

    1. Murdoch University, Australia

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Table of contents (23 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction

    1. Introduction

      • Robert Leeson
      Pages 1-4

  3. The intellectual and Institutional Framework

    1. Front Matter

      Pages 5-5
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    2. The Combatants

      • Robert Leeson
      Pages 7-15

    3. Full Employment, Free Trade and Fixed Exchange Rates

      • Robert Leeson
      Pages 16-24

    4. Friedman’s Case for Flexible Exchange Rates

      • Robert Leeson
      Pages 25-28

    5. The Bretton Woods Establishment

      • Robert Leeson
      Pages 29-37

  4. The Academic Process: from the 1940s to the Friedman and Nixon Presidencies

    1. Front Matter

      Pages 39-39
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    2. The Early History of the Case for Floating Exchange Rates

      • Robert Leeson
      Pages 41-46

    3. An Emerging Academic Consensus

      • Robert Leeson
      Pages 47-49

    4. 1966: Four Conferences

      • Robert Leeson
      Pages 50-54

    5. 1967: the AEA President versus the AFA President

      • Robert Leeson
      Pages 55-60

  5. The Policy Process: 1968–71

    1. Front Matter

      Pages 61-61
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    2. From Academia to Washington

      • Robert Leeson
      Pages 63-65

    3. Flexible Exchange Rates as a Vehicle for Nixon’s Re-election

      • Robert Leeson
      Pages 66-71

    4. The Cross of Gold

      • Robert Leeson
      Pages 72-75

    5. Price and Wage Regulation, Exchange Rate Deregulation

      • Robert Leeson
      Pages 76-88

  6. Friedman and the Policy Revolution

    1. Front Matter

      Pages 89-89
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    2. The Nature and Origins of Friedman’s Influence

      • Robert Leeson
      Pages 91-102

    3. Intellectuals

      • Robert Leeson
      Pages 103-116
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Keywords

About this book

For twenty-five years, the International Monetary Fund administered a worldwide system of fixed exchange rates until their system was destroyed by a combination of market forces and those who advocated market forces. The first destructive element has been extensively analyzed; the second has hitherto been almost completely ignored. Robert Leeson examines the process by which the case for flexible exchange rates was transformed from an academic exercise to become the organizing principle for international monetary relations.

Reviews

'This new book contains all of the virtues that we have come to expect of Leeson's scholarship ... Leeson succeeds admirably in his aims for this volume... for once the publisher's blurb of 'essential reading' is not mere hyperbole' - Roger Middleton Professor of the History of Political Economy at the Department of History, University of Bristol, UK

Authors and Affiliations

  • Murdoch University, Australia

    Robert Leeson

About the author

ROBERT LEESON is currently ranked 17th in the list of the world's top 500 economists on the basis of the number of journal articles included in the ECONLIT database of the American Economic Association. A Bradley Fellow at the University of Ontario, he has also held visiting positions at a variety of universities, including Cambridge and Stanford.

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