1.

Record Nr.

UNINA9910455340303321

Autore

Steil Benn

Titolo

Money, Markets, and Sovereignty / / Manuel Hinds, Benn Steil

Pubbl/distr/stampa

New Haven, CT : , : Yale University Press, , [2009]

©2009

ISBN

1-282-35309-8

0-300-15614-6

9786612353093

1-282-08975-7

9786612089756

Descrizione fisica

1 online resource (304 p.)

Collana

Council on Foreign Relations Books

Classificazione

QM 330

Disciplina

658.314

Soggetti

Money

Globalization - Economic aspects

Monetary policy

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"A Council on Foreign Relations book."

Nota di bibliografia

Includes bibliographical references (p. [263]-275) and index.

Nota di contenuto

Frontmatter -- The Council on Foreign Relations -- Contents -- Acknowledgments -- 1. Thinking about Money and Globalization -- 2. A Brief History of Law and Globalism -- 3. The Anti-philosophy of Anti-globalism -- 4. A Brief History of Monetary Sovereignty -- 5. Globalization and Monetary Sovereignty -- 6. Monetary Sovereignty and Gold -- 7. The Future of the Dollar -- 8. The Shifting Sands of Sovereignty -- Notes -- References -- Index

Sommario/riassunto

Winner of the 2010 Hayek Book Prize given by the Manhattan Institute"Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."-Doug Bandow, The Washington TimesIn this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more than sixty years ago. The authors present a fascinating intellectual history of monetary nationalism from



the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization.Steil and Hinds describe the current state of international economic relations as both unusual and precarious. Eras of economic protectionism have historically coincided with monetary nationalism, while eras of liberal trade have been accompanied by a universal monetary standard. But today, the authors show, an unprecedentedly liberal global trade regime operates side by side with the most extreme doctrine of monetary nationalism ever contrived-a situation bound to trigger periodic crises. Steil and Hinds call for a revival of the political and economic thinking that underlay earlier great periods of globalization, thinking that is increasingly under threat by more recent ideas about what sovereignty means.