The Gold Standard in Theory and History

Rating:
Summary: Excellent!
Review: Eichengreen and Flandreau put together a tour-de-force through the most intriguing meanders of the gold standard, a monetary system governing world trade and payments from 1870 to World War II. From the simple and powerful analysis of Hume in the eighteenth century, the book features many contributions from the most influential architects of the system. Keynes, Nurkse and Triffin speak from its pages. Also, contemporary leading economists, with the perspective that only history provides, analyze it in hindsight. A must have for the economic historian and the monetary economist.