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A Retrospective on the Classical Gold Standard, 1821-1931: (National Bureau of Economic Research Conference Report)

A Retrospective on the Classical Gold Standard, 1821-1931: (National Bureau of Economic Research Conference Report)


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About the Book

This is a timely review of the gold standard covering the 110 years of its operation until 1931, when Britain abandoned it in the midst of the Depression. Current dissatisfaction with floating rates of exchange has spurred interest in a return to a commodity standard. The studies in this volume were designed to gain a better understanding of the historical gold standard, but they also throw light on the question of whether restoring it today could help cure inflation, high interest rates, and low productivity growth. The volume includes a review of the literature on the classical gold standard; studies the experience with gold in England, Germany, Italy, Sweden, and Canada; and perspectives on international linkages and the stability of price-level trends under the gold standard. The articles and commentaries reflect strong, conflicting views among hte participants on issues of central bank behavior, purchasing-power an interest-rate parity, independent monetary policies, economic growth, the "Atlantic economy," and trends in commodity prices and long-term interest rates. This is a thoughtful and provocative book.

About the Author :
Michael D. Bordo is professor of economics at Rutgers, the State University of New Jersey, and a research associate of the NBER.


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Product Details
  • ISBN-13: 9780226065908
  • Publisher: The University of Chicago Press
  • Publisher Imprint: University of Chicago Press
  • Height: 237 mm
  • Returnable: N
  • Weight: 1008 gr
  • ISBN-10: 0226065901
  • Publisher Date: 01 Sep 1984
  • Binding: Hardback
  • Language: English
  • Series Title: National Bureau of Economic Research Conference Report
  • Width: 165 mm


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A Retrospective on the Classical Gold Standard, 1821-1931: (National Bureau of Economic Research Conference Report)
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