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Introduction

In: Ideology and the International Economy

Author

Listed:
  • Robert Leeson

    (Murdoch University)

Abstract

On the frontispiece of Alfred Marshall’s Principles of Economics is the statement: natura non facit saltum (‘nature does not proceed by sudden leaps’). Yet, in the early 1970s, after a quarter of a century of bureaucratically determined exchange rates, the world appeared to leap into a regime of market-determined exchange rates. In the previous decade, those who administered and policed the Bretton Woods international monetary system considered a variety of reforms but ‘firmly and unanimously discarded at the very outset’ the two reforms that were subsequently implemented: flexible exchange rates and flexible gold prices (Triffin 1968, 105; 1976, 49). The role played by academic economists in this international revolution has usually been relegated to minor proportions or ignored altogether. Yet, what appeared to be a sudden policy leap had been preceded by years of academic campaigning — a campaign that is documented and analysed in this study.

Suggested Citation

  • Robert Leeson, 2003. "Introduction," Palgrave Macmillan Books, in: Ideology and the International Economy, chapter 1, pages 1-4, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28602-3_1
    DOI: 10.1057/9780230286023_1
    as

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    Cited by:

    1. McCain, Katherine W., 2010. "Core journal literatures and persistent research themes in an emerging interdisciplinary field: Exploring the literature of evolutionary developmental biology," Journal of Informetrics, Elsevier, vol. 4(2), pages 157-165.

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