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Wherever there is money, there is money politics-a subject demanding ever greater attention at a time when monetary policies lead and the real economy follows. A principal defining characteristic of the contemporary global economy, Jonathan Kirshner contends, is the rise and preeminence of monetary phenomena―international financial crises, Central Bank Independence and inflation fighting, the creation of the euro, and monetary reform in emerging economies, to name only a few. Moreover, unlike most debates in political economy (such as those regarding trade policy), which are generally recognized as political, monetary phenomena and macroeconomic policies are typically represented as expressly apolitical. In Monetary Orders, a distinguished group of scholars explores the inescapable political origins of choices about money. The essays in Monetary Orders each address a specific issue or puzzle relating to money and its management. Their authors focus on markedly disparate cases but share a common observation: for most policy choices about money, market forces and economic logic can rule out certain options, but are indeterminate in explaining why one policy rather than another will be chosen. Ultimately, political factors are essential to explain fundamental and consequential choices about money.
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"In this subtle and refreshing book, Jonathan Kirshner and his group remind us that so often, the economics behind monetary policy are consistent with more than one policy. Politics too, not just economics and markets, accounts for the recent worldwide drive for extremely slow inflation, central bank independence, and removal of all international capital controls. The book presents a strong case, and it implies that leaders in every region should reevaluate these policies and who gains and who loses from them."--John S. Odell, University of Southern California
"Monetary Orders makes a major contribution to our knowledge about a number of important aspects of the political economy of monetary relations."—Thomas D. Willett, Horton Professor of Economics, The Claremont CollegesAbout the Author:
Jonathan Kirshner is Stephen and Barbara Friedman Professor of International Political Economy at Cornell University.
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Book Description Cornell University Press. Hardcover. Condition: Very Good. A copy that has been read, but remains in excellent condition. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name. The spine remains undamaged. At ThriftBooks, our motto is: Read More, Spend Less. Seller Inventory # G0801440602I4N00
Book Description Cornell Univ Pr, 2003. Hardcover. Condition: Used: Good. Seller Inventory # SONG0801440602
Book Description Cornell University Press. Hardcover. Condition: Very Good. 0801440602 Crisp, clean, unread hardcover with light shelfwear, missing dust jacket and a non-returnable stamp to one edge - Nice!. Seller Inventory # Z0801440602Z2