The Monetary Approach To The Balance Of Payments Collected Works Of Harry Johnson

This book is a collection of documents that outline the Monetary Approach to the Balance of Payments, which was developed in the 1970s. This approach was a return to traditional theories after a period of departure due to global events. It is considered a significant contribution to the field of monetary economics.

This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them - a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements. Review: It brings together the major, and not insignificant contributions of a leading economist in the field of monetary economics. - International Affairs