Mundell Economics(1-6)

Author: [Canada] Mundell
Publisher:
Publish Date: 2003-10-01
Features: This set consists of 6 volumes, covering Classical International Trade Theory, General Monetary and Macroeconomic Theory, International Macroeconomic Models, Macroeconomics and International Monetary History, Exchange Rates and Optimal Currency Areas, and International Money: Past, Present, and Future. Independent and unconventional, this is a concise summary of Professor Mundell's academic style in academia. Committed to original scientific contributions has been Professor Mundell's lifelong pursuit. In the 1960s, almost all leading international economists advocated abandoning the fixed exchange rate system in favor of a floating exchange rate system, but Mundell convincingly argued within the framework of general equilibrium analysis that floating exchange rates do not increase the freedom of monetary policy; instead, they exacerbate the instability of the international monetary system and inflation. The history since the 1970s has proven his foresight.