Table Of ContentMONEY AND EMPIRE
CharlesKindlebergerranksasoneofthetwentiethcentury’sbestknownand
mostinfluentialinternationaleconomists.Thisbooktracestheevolutionof
histhinkinginthecontextofa“key-currency”approachtotheriseofthe
dollar system, here revealed as the indispensable framework for global
economicdevelopmentsinceWorldWarII.Unlikemostofhiscolleagues,
Kindlebergerwasdeeplyinterestedinhistory,andhiseconomicsbrimmed
withrealpeopleandinstitutionaldetails.HisresearchattheNewYorkFed
andBISduringtheGreatDepression,hiswartimeintelligencework,andhis
roleinadministeringtheMarshallPlangavehimdeepinsightintohowthe
internationalfinancialsystemreallyoperated.Abiographyofboththedollar
andaman,thisbookisalsothestoryofthedevelopmentofideasabouthow
moneyworks.Itthrowsrevealinglightontheunderlyingeconomicforces
andpoliticalobstaclesshapingourglobalizedworld.
PerryMehrlingisProfessorofInternationalPoliticalEconomyatBoston
University.
Published online by Cambridge University Press
STUDIES IN NEW ECONOMIC THINKING
The2008financialcrisispointedtoproblemsineconomictheorythatrequire
morethanjustbigdatatosolve.INET’sseriesinNewEconomicThinkingexists
toensurethatinnovativeworkthatadvanceseconomicsandbetterintegratesit
with other social sciences and the study of history and institutions can reach
abroadaudienceinatimelyway.
Published online by Cambridge University Press
MONEY AND EMPIRE
Charles P. Kindleberger and the Dollar System
Perry Mehrling
BostonUniversity
Published online by Cambridge University Press
UniversityPrintingHouse,CambridgeCB28BS,UnitedKingdom
OneLibertyPlaza,20thFloor,NewYork,NY10006,USA
477WilliamstownRoad,PortMelbourne,VIC3207,Australia
314–321,3rdFloor,Plot3,SplendorForum,JasolaDistrictCentre,
NewDelhi–110025,India
103PenangRoad,#05–06/07,VisioncrestCommercial,Singapore238467
CambridgeUniversityPressispartoftheUniversityofCambridge.
ItfurtherstheUniversity’smissionbydisseminatingknowledgeinthepursuitof
education,learning,andresearchatthehighestinternationallevelsofexcellence.
www.cambridge.org
Informationonthistitle:www.cambridge.org/9781009158572
DOI:10.1017/9781009158589
©PerryMehrling2022
Thispublicationisincopyright.Subjecttostatutoryexception
andtotheprovisionsofrelevantcollectivelicensingagreements,
noreproductionofanypartmaytakeplacewithoutthewritten
permissionofCambridgeUniversityPress.
Firstpublished2022
PrintedintheUnitedKingdombyTJBooksLTD
AcataloguerecordforthispublicationisavailablefromtheBritishLibrary.
LibraryofCongressCataloging-in-PublicationData
Names:Mehrling,Perry,author.
Title:Moneyandempire:CharlesP.Kindlebergerandthedollarsystem/Perry
Mehrling,BostonUniversity.
Description:Cambridge,UnitedKingdom;NewYork,NY:CambridgeUniversity
Press,2021.|Series:Studiesinneweconomicthinking|Includesbibliographical
referencesandindex.
Identifiers:LCCN2021056132(print)|LCCN2021056133(ebook)|ISBN
9781009158572(hardback)|ISBN9781009158589(ebook)
Subjects:LCSH:Kindleberger,CharlesP.,1910–2003.|Monetarypolicy–United
States.|UnitedStates.FederalReserveBoard.|Dollar.
Classification:LCCHG501.M572021(print)|LCCHG501(ebook)|DDC332.4/
973–dc23/eng/20211203
LCrecordavailableathttps://lccn.loc.gov/2021056132
LCebookrecordavailableathttps://lccn.loc.gov/2021056133
ISBN978-1-009-15857-2Hardback
CambridgeUniversityPresshasnoresponsibilityforthepersistenceoraccuracyof
URLsforexternalorthird-partyinternetwebsitesreferredtointhispublication
anddoesnotguaranteethatanycontentonsuchwebsitesis,orwillremain,
accurateorappropriate.
Published online by Cambridge University Press
MONEY AND EMPIRE
CharlesKindlebergerranksasoneofthetwentiethcentury’sbestknownand
mostinfluentialinternationaleconomists.Thisbooktracestheevolutionof
histhinkinginthecontextofa“key-currency”approachtotheriseofthe
dollar system, here revealed as the indispensable framework for global
economicdevelopmentsinceWorldWarII.Unlikemostofhiscolleagues,
Kindlebergerwasdeeplyinterestedinhistory,andhiseconomicsbrimmed
withrealpeopleandinstitutionaldetails.HisresearchattheNewYorkFed
andBISduringtheGreatDepression,hiswartimeintelligencework,andhis
roleinadministeringtheMarshallPlangavehimdeepinsightintohowthe
internationalfinancialsystemreallyoperated.Abiographyofboththedollar
andaman,thisbookisalsothestoryofthedevelopmentofideasabouthow
moneyworks.Itthrowsrevealinglightontheunderlyingeconomicforces
andpoliticalobstaclesshapingourglobalizedworld.
PerryMehrlingisProfessorofInternationalPoliticalEconomyatBoston
University.
Published online by Cambridge University Press
STUDIES IN NEW ECONOMIC THINKING
The2008financialcrisispointedtoproblemsineconomictheorythatrequire
morethanjustbigdatatosolve.INET’sseriesinNewEconomicThinkingexists
toensurethatinnovativeworkthatadvanceseconomicsandbetterintegratesit
with other social sciences and the study of history and institutions can reach
abroadaudienceinatimelyway.
Published online by Cambridge University Press
MONEY AND EMPIRE
Charles P. Kindleberger and the Dollar System
Perry Mehrling
BostonUniversity
Published online by Cambridge University Press
UniversityPrintingHouse,CambridgeCB28BS,UnitedKingdom
OneLibertyPlaza,20thFloor,NewYork,NY10006,USA
477WilliamstownRoad,PortMelbourne,VIC3207,Australia
314–321,3rdFloor,Plot3,SplendorForum,JasolaDistrictCentre,
NewDelhi–110025,India
103PenangRoad,#05–06/07,VisioncrestCommercial,Singapore238467
CambridgeUniversityPressispartoftheUniversityofCambridge.
ItfurtherstheUniversity’smissionbydisseminatingknowledgeinthepursuitof
education,learning,andresearchatthehighestinternationallevelsofexcellence.
www.cambridge.org
Informationonthistitle:www.cambridge.org/9781009158572
DOI:10.1017/9781009158589
©PerryMehrling2022
Thispublicationisincopyright.Subjecttostatutoryexception
andtotheprovisionsofrelevantcollectivelicensingagreements,
noreproductionofanypartmaytakeplacewithoutthewritten
permissionofCambridgeUniversityPress.
Firstpublished2022
PrintedintheUnitedKingdombyTJBooksLTD
AcataloguerecordforthispublicationisavailablefromtheBritishLibrary.
LibraryofCongressCataloging-in-PublicationData
Names:Mehrling,Perry,author.
Title:Moneyandempire:CharlesP.Kindlebergerandthedollarsystem/Perry
Mehrling,BostonUniversity.
Description:Cambridge,UnitedKingdom;NewYork,NY:CambridgeUniversity
Press,2021.|Series:Studiesinneweconomicthinking|Includesbibliographical
referencesandindex.
Identifiers:LCCN2021056132(print)|LCCN2021056133(ebook)|ISBN
9781009158572(hardback)|ISBN9781009158589(ebook)
Subjects:LCSH:Kindleberger,CharlesP.,1910–2003.|Monetarypolicy–United
States.|UnitedStates.FederalReserveBoard.|Dollar.
Classification:LCCHG501.M572021(print)|LCCHG501(ebook)|DDC332.4/
973–dc23/eng/20211203
LCrecordavailableathttps://lccn.loc.gov/2021056132
LCebookrecordavailableathttps://lccn.loc.gov/2021056133
ISBN978-1-009-15857-2Hardback
CambridgeUniversityPresshasnoresponsibilityforthepersistenceoraccuracyof
URLsforexternalorthird-partyinternetwebsitesreferredtointhispublication
anddoesnotguaranteethatanycontentonsuchwebsitesis,orwillremain,
accurateorappropriate.
Published online by Cambridge University Press
MONEY AND EMPIRE
CharlesKindlebergerranksasoneofthetwentiethcentury’sbestknownand
mostinfluentialinternationaleconomists.Thisbooktracestheevolutionof
histhinkinginthecontextofa“key-currency”approachtotheriseofthe
dollar system, here revealed as the indispensable framework for global
economicdevelopmentsinceWorldWarII.Unlikemostofhiscolleagues,
Kindlebergerwasdeeplyinterestedinhistory,andhiseconomicsbrimmed
withrealpeopleandinstitutionaldetails.HisresearchattheNewYorkFed
andBISduringtheGreatDepression,hiswartimeintelligencework,andhis
roleinadministeringtheMarshallPlangavehimdeepinsightintohowthe
internationalfinancialsystemreallyoperated.Abiographyofboththedollar
andaman,thisbookisalsothestoryofthedevelopmentofideasabouthow
moneyworks.Itthrowsrevealinglightontheunderlyingeconomicforces
andpoliticalobstaclesshapingourglobalizedworld.
PerryMehrlingisProfessorofInternationalPoliticalEconomyatBoston
University.
Published online by Cambridge University Press
STUDIES IN NEW ECONOMIC THINKING
The2008financialcrisispointedtoproblemsineconomictheorythatrequire
morethanjustbigdatatosolve.INET’sseriesinNewEconomicThinkingexists
toensurethatinnovativeworkthatadvanceseconomicsandbetterintegratesit
with other social sciences and the study of history and institutions can reach
abroadaudienceinatimelyway.
Published online by Cambridge University Press