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Reforming the World Monetary System
Fritz Machlup and the Bellagio Group
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At a time when monetary systems are under increasing pressure from external shocks and the need to combat recessionary trends, it is vital that we understand previous attempts to deal with such problems. Focusing on the career of Fritz Machlup, Connell presents the story of the Bellagio Group and its contribution to modern finance. Initiated by Machlup with William Fellner and Robert Triffin, the Bellagio Group was made up of thirty-two non-government academic economists. During the years between 1964 and 1977 the Group met nineteen times and made a series of recommendations for policy makers. Connell examines the Group’s archives to find out what caused the need for a change in the gold standard, what macroeconomic effects the Bellagio Group’s policies were expected to have and the extent of their influence on modern-day systems.
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Pickering & Chatto Publishers; November 2012
285 pages; ISBN 9781781440070
Read online, or download in secure PDF format
285 pages; ISBN 9781781440070
Read online, or download in secure PDF format
