Money and Empire: Charles P. Kindleberger and the Dollar System

Charles Kindleberger's book explores the evolution of his thinking about the dollar system and its role in global economic development, drawing on his research and experiences during the Great Depression, World War II, and the Marshall Plan.

Format: Hardback
Length: 310 pages
Publication date: 04 August 2022
Publisher: Cambridge University Press

Charles Kindleberger, a renowned international economist of the 20th century, stands as a towering figure whose ideas have profoundly impacted global economic development. In this captivating book, we embark on a journey through the evolution of Kindleberger's thinking, particularly in the context of a key-currency approach to the rise of the dollar system. This framework, unveiled as the indispensable backbone for global economic growth since World War II, sheds light on the intricate mechanisms that govern the international financial landscape.

What sets Kindleberger apart from his colleagues is his unwavering interest in history, infusing his economics with rich narratives and intricate institutional details. His extensive research at the New York Fed and the BIS during the Great Depression, his wartime intelligence work, and his pivotal role in administering the Marshall Plan provided him with a profound understanding of the inner workings of the international financial system. This firsthand experience gave him a unique perspective, enabling him to challenge prevailing theories and offer fresh insights into the complex dynamics of money and its role in shaping our world.

This book, in essence, is a dual biography, delving into the story of both the dollar and the man behind its influence. It explores the development of ideas about money and its role in shaping economies, societies, and political landscapes. Through meticulous research and analysis, Kindleberger uncovers the underlying economic forces and political obstacles that have shaped our globalized world. He sheds light on the power dynamics, trade imbalances, and geopolitical tensions that contribute to the complex web of interconnectedness we observe today.

Kindleberger's insights are not only academic but also deeply relevant to policymakers and individuals seeking to navigate the complex terrain of international finance. His book provides a roadmap for understanding the challenges and opportunities that arise in a globalized economy, offering practical solutions and strategies for building resilient and sustainable systems.

In conclusion, Charles Kindleberger's book is a masterpiece that delves into the evolution of his thinking and the key-currency approach to the rise of the dollar system. It offers a comprehensive and insightful exploration of the international financial landscape, shedding light on the underlying economic forces and political obstacles shaping our globalized world. Through his profound understanding of history and his commitment to empirical research, Kindleberger has left an indelible mark on the field of economics, inspiring generations of scholars and policymakers alike.

Weight: 630g
Dimension: 235 x 158 x 19 (mm)
ISBN-13: 9781009158572