The gold standard and the euroA reflection from a reading of A Tract on Monetary Reform

  1. Vicente Esteve 1
  2. Manuel Navarro-Ibáñez 2
  3. María A. Prats 3
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

  2. 2 Universidad de La Laguna
    info

    Universidad de La Laguna

    San Cristobal de La Laguna, España

    ROR https://ror.org/01r9z8p25

  3. 3 Universidad de Murcia
    info

    Universidad de Murcia

    Murcia, España

    ROR https://ror.org/03p3aeb86

Show affiliations +
Journal:
Cuadernos de economía: Spanish Journal of Economics and Finance

ISSN: 2340-6704,  0210-0266

Year of publication: 2017

Volume: 40

Issue: 114

Pages: 247-255

Type: Article

DOI: 10.1016/J.CESJEF.2016.10.003 DIALNET GOOGLE SCHOLAR lock_openBiblos-e Archivo editor

More publications in: Cuadernos de economía: Spanish Journal of Economics and Finance

Sustainable development goals

Abstract

El trabajo lleva a cabo una comparación entre el patrón oro y el euro a partir de un estudio de las ideas de Keynes sobre la necesidad de gestionar la situación macroeconómica de una economía industrial. Así, el ensayo se centra en la primera obra económica relevante publicada por Keynes en los años posteriores a la Primera Guerra Mundial, A Tract on Monetary Reform, analizando su contenido teórico y práctico. La situación de inestabilidad monetaria y la elección de régimen cambiario (volviendo o no al patrón oro, con la paridad anterior a la guerra) fueron los factores que atrajeron la atención de Keynes en esos años. Algunas similitudes entre el patrón oro y el actual sistema del euro confieren un cierto interés a las ideas de Keynes y a las discusiones económicas que tuvieron lugar en Gran Bretaña durante los años de la posguerra (1919-1925).

Bibliographic References

  • Angell, J.W., Monetary theory and monetary policy: some recent discussions. Quarterly Journal of Economics 39:February (1925), 267–299.
  • Bibow, J., The Euro Debt Crisis and Germany's Euro Trilemma, vol. 721, 2012, Levy Economics Institute, Working Papers Series.
  • Bigg, R.J., Cambridge and the monetary theory of production. The Collapse of Marshallian Economics, 1990, Macmillan.
  • Bridel, P., Cambridge Monetary Thought, The Development of Saving-Investment Analysis from Marshall to Keynes. 1987, Macmillan.
  • Cesaratto, S., Europe, German Mercantilism and the Current Crisis, vol. 595, 2010, Department of Economics University of Siena.
  • Cesaratto, S., Stirati, A., Germany in the European and global crises. International Journal of Political Economy 39 (2011), 56–87 Winter 2010–11.
  • Eshag, E., From Marshall to Keynes. An Essay on the Monetary Theory of the Cambridge School. 1963, Basil Blackwell.
  • Friedman, M., A monetarist reflects. The Economist(June), 1983, 35–37.
  • Harrod, R.F., Sills, D.L., Merton, R.K., (eds.) Keynes, John Maynard, International Encyclopedia of the Social Sciences, vol. 6, 1968, Macmillan, 417–422.
  • Howson, S., A Dear Money Man?: Keynes on monetary policy, 1920. Economic Journal 83:June (1973), 456–464.
  • Keynes, J.M., Irving Fisher. The Purchasing Power of Money, The Collected Writings of John Maynard Keynes, 30 vols., vol. XI, 1911, Macmillan, [C.W. from now on], 375–381.
  • Keynes, J.M., How Far Are Bankers Responsible for the Alternations of Crisis and Depression? C.W., vol. XIII, 1913, 2–14.
  • Keynes, J.M., The Economic Consequences of the Peace, C.W., vol. II, 1919.
  • Keynes, J.M., A Tract on Monetary Reform, C.W., vol. IV, 1923.
  • Keynes, J.M., Currency Policy and Unemployment, C.W., vol. XIX, 1923, 113–118.
  • Keynes, J.M., Speech in the League of Nations conference on Unemployment in its National and International Aspects, C.W., vol. XIX, 1924, 182–193.
  • Keynes, J.M., Does Unemployment Need a Drastic Remedy?, C.W., vol. XIX, 1924, 219–223.
  • Keynes, J.M., The Economic Consequences of Mr Churchill, C.W., vol. IX, 1925, 207–230.
  • Keynes, J.M., Committee on Industry and Trade, July 9, 1925. C.W., vol. XIX, 1925, 383–416.
  • Keynes, J.M., The End of Laissez-Faire, C.W., vol. IX, 1926, 272–294.
  • Keynes, J.M., The General Theory of Employment, Interest, and Money. 1936, Brace and World, Harcourt, 1964.
  • Kindleberger, C.P., The World in Depression 1929–1939. 2ª ed., 1986, Universitity of California Press, Berkeley.
  • Mastromatteo, G., Rossi, S., The economics of deflation in the euro area: a critique of fiscal austerity. Review of Keynesian Economics 3 (2015), 336–350.
  • Meltzer, A.H., Keynes's Monetary Theory. A Different Interpretation. 1988, Cambridge University Press.
  • Moggridge, D.E., Keynes. 2ª ed., 1980, Macmillan.
  • Moggridge, D.E., Howson, S., Keynes on Monetary Policy, 1910–1946, vol. 26, no. 2, 1974, Oxford Economic Papers, 226–247.
  • Mundell, R.A., A theory of optimum currency areas. American Economic Review 51 (1961), 657–675.
  • Patinkin, D., Keynes, John Maynard (1983–1946). Eatwell, J., Milgate, M., Newman, P., (eds.) The New Palgrave. A Dictionary of Economics, vol. 3, 1987, Macmillan, 19–41.
  • Robbins, L., The Great Depression. 1934, Macmillan, London.
  • Robertson, D.H., A Study of Industrial Fluctuations. 1915, P. S. King & Son.
  • Robinson, A., John Maynard Keynes, 1883–1946. Economic Journal 57:March (1947), 1–68.
  • Rogin, L., The Meaning and Validity of Economic Theory. 1956, Harper and Brothers.
  • Schumpeter, J.A., John Maynard Keynes (1883–1946). American Economic Review 36:September (4) (1946), 495–518.
  • Skidelsky, R., John Maynard Keynes. The Economist as Saviour 1920–1937. 1992, Macmillan.
  • Skidelsky, R., How Keynes came to Britain. Review of Keynesian Economics 4 (2016), 4–19.
  • Sprague, O.M.W., Review of Monetary Reform. By John Maynard Keynes. American Economic Review 14:December (1924), 770–771.
  • Temin, P., Lessons from the Great Depression. 1989, The MIT Press.
Data source: Dialnet