books
money markets and sovereignty
winner of the 2010 hayek book prize given by the manhattan institute br money markets and sovereignty is a surprisingly easy read given the complicated issues covered . in it mr. steil and mr. hinds consistently challenge todays statist nostrums . doug bandow the washington times br br in this keenly argued book benn steil and manuel hinds offer the most powerful defense of economic liberalism since f. a. hayek published the road to serfdom more than sixty years ago . the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why in its modern incarnation it represents the single greatest threat to globalization . steil and hinds describe the current state of international economic relations as both unusual and precarious . eras of economic protectionism have historically coincided with monetary nationalism while eras of liberal trade have been accompanied by a universal monetary standard . but today the authors show an unprecedentedly liberal global trade regime operates side by side with the most extreme doctrine of monetary nationalism ever contrived a situation bound to trigger periodic crises . steil and hinds call for a revival of the political and economic thinking that underlay earlier great periods of globalization thinking that is increasingly under threat by more recent ideas about what sovereignty means .
hardcover yale university press 2009 isbn13 9780300149241 isbn10 0300149247
abridged n isbn 13 9780300149241 number in series 1 number of pages 288 publisher yale univ pr release date 62135769600000 series title a council on foreign relations book