Money And Empire: Charles P. Kindleberger And T... 〈2025-2027〉
His early career at the New York Fed, the Bank for International Settlements (BIS), and his wartime role in the OSS and the Marshall Plan.
His retirement years, during which he wrote his best-known work, Manias, Panics, and Crashes , and his self-identified masterwork, A Financial History of Western Europe . Money and Empire: Charles P. Kindleberger and t...
The central narrative explores how the global economy transitioned from the British pound sterling system to the American dollar-led system. His early career at the New York Fed,
Unlike many peers who favored mathematical models, Kindleberger’s economics was deeply rooted in history, institutional detail, and the real-world experiences of practitioners. His tenure at MIT, where he wrote the
Mehrling highlights Kindleberger’s belief that the world is an "optimal currency area" where trade works best under a single currency—the U.S. dollar—rather than through international agreements or flexible exchange rates.
His tenure at MIT, where he wrote the standard textbook on international economics and fought intellectual battles against both Monetarists and Keynesians.