Mehrling highlights Kindleberger’s belief that the world is an "optimal currency area" where trade works best under a single currency—the U.S. dollar—rather than through international agreements or flexible exchange rates.
The central narrative explores how the global economy transitioned from the British pound sterling system to the American dollar-led system. Money and Empire: Charles P. Kindleberger and t...
His retirement years, during which he wrote his best-known work, Manias, Panics, and Crashes , and his self-identified masterwork, A Financial History of Western Europe . and his self-identified masterwork
Unlike many peers who favored mathematical models, Kindleberger’s economics was deeply rooted in history, institutional detail, and the real-world experiences of practitioners. and the real-world experiences of practitioners.