THE GOLD STANDARD IN THEORY
AND HISTORY
Second Edition
Edited by
Barry Eichengreen and
Marc Flandreau
London and New York
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Preface and Acknowledgements
1 Editors’ introduction Barry EichengreenMarc Flandreau
Part I The gold standard in theory
2 On the balance of trade David Hume
3 The working of the prewar gold standard P.B.Whale
4 How the gold standard worked, 1880–1913 Donald N.McCloskey and J.Richard Zecher
5 A portfolio-balance model of the gold standard Trevor J.O.Dick and John E.Floyd
6 The gold standard as a rule Michael D.Bordo and Finn E.Kydland
Part II The gold standard in history
7 The significance of the gold points John Maynard Keynes
8 The myth and realities of the so-called gold standard Robert Triffin
9 Notes on the working of the gold standard before 1914 A.G.Ford
10 The gold standard since Alec Ford Barry Eichengreen
11 The dynamics of international monetary systems: international and domestic factors in the rise, reign, and demise of the classical gold standard Jeffry A.Frieden
Part III The interwar gold exchange standard
12 First interim report Cunliffe Committee on Currency and Foreign Exchange after the War
13 Report Macnillan Committee on Finance and Industry
14 The gold exchange standard Ragnar Nurkse
Part IV Bretton Woods and after
15 The gold-dollar system: conditions of equilibrium and the price of gold Milton Gilbert
16 The Bretton Woods system: paradise lost? Barry Eichengreen
Further reading
Index