This paper examines Jacob Viner's contribution to the debate and the policy decision-making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so-called 'early Chicago School of Political Economy', Viner was actively engaged in the debate over the causes and cures of the Depression, emphasizing the important role international economic problems played in producing its onset and in reinforcing its duration. During the 1930s Viner was an outspoken supporter of international monetary cooperation, set up to secure exchange rates stability, which he regarded as a paramount factor in restoring business confidence and fostering recovery. As a close assistant to Secretary of the Treasury Henry Morgenthau, Jr, Viner was able to exert a positive influence on the administration's foreign economic policy, from the Gold Stabilization Act of 1934 to the Tripartite Agreement of 1936. Although not directly involved in the Bretton Woods Conference, he played a role in preparing the ground for the establishment of multilateral agencies such as the International Monetary Fund and the International Bank for Reconstruction and Development. By means of his unpublished papers and other archival sources, as well as his writings, I shall examine Viner's analysis of the Great Depression, his contribution to the debate over American foreign economic policy and his work as economic adviser from 1930 to 1945. © 2011 Taylor & Francis.

Nerozzi, S. (2011). From the great depression to bretton woods: Jacob Viner and international monetary stabilization (1930-1945). EUROPEAN JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT, 18(1), 55-84 [10.1080/09672560903141167].

From the great depression to bretton woods: Jacob Viner and international monetary stabilization (1930-1945)

NEROZZI, Sebastiano
2011

Abstract

This paper examines Jacob Viner's contribution to the debate and the policy decision-making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so-called 'early Chicago School of Political Economy', Viner was actively engaged in the debate over the causes and cures of the Depression, emphasizing the important role international economic problems played in producing its onset and in reinforcing its duration. During the 1930s Viner was an outspoken supporter of international monetary cooperation, set up to secure exchange rates stability, which he regarded as a paramount factor in restoring business confidence and fostering recovery. As a close assistant to Secretary of the Treasury Henry Morgenthau, Jr, Viner was able to exert a positive influence on the administration's foreign economic policy, from the Gold Stabilization Act of 1934 to the Tripartite Agreement of 1936. Although not directly involved in the Bretton Woods Conference, he played a role in preparing the ground for the establishment of multilateral agencies such as the International Monetary Fund and the International Bank for Reconstruction and Development. By means of his unpublished papers and other archival sources, as well as his writings, I shall examine Viner's analysis of the Great Depression, his contribution to the debate over American foreign economic policy and his work as economic adviser from 1930 to 1945. © 2011 Taylor & Francis.
Settore SECS-P/04 - Storia Del Pensiero Economico
Nerozzi, S. (2011). From the great depression to bretton woods: Jacob Viner and international monetary stabilization (1930-1945). EUROPEAN JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT, 18(1), 55-84 [10.1080/09672560903141167].
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10447/66023
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