The International Economic Order

Essays on Financial Crisis and International Public Goods

Bibliographic Data

ID9825398
AuthorsWilliam Diebold (corresponding author), Charles P Kindleberger
Year1989
Volume68
Issue2
Pages189
Publication date1989-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForeign Affairs (JOURNAL)
Journal identifiersISSN: 0015-7120 • E-ISSN: 2327-7793
PublisherJSTOR (PUBLISHER)
DOI10.2307/20043930
OpenAlexW1991040327
LanguageEN
Citations received7

These essays, written between 1978 and 1988, expand, revise, and apply Charles Kindleberger's influential ideas on the nature of economic crises and the possible sources of economic order in an increasingly interdependent world.With sharp insight and a fluid style, Kindleberger looks at both present and past financial crises to determine what conditions have led to economic instability. The Great Depression is a starting point for his discussion; but he also looks at booms and busts as far back as 1720 and as recent as the October 1987 stock market crash. What lessons can we learn from this reexamination of past economic disruption? Kindleberger clearly sees a need to establish worldwide economic stability as a public good, and, in times of economic disruption, a need for leadership to set the global economy back on track.Kindleberger's essays tie together major topics in modem economics and economic history. They have profound implications for international relations and political science, as economic stability becomes increasingly important and increasingly elusive in the world today

Business · Economics · Financial crisis · Financial system · International finance · Macroeconomics · Neoclassical economics · Order (exchange · Political science · Public good · Finance · Global Financial Crisis and Policies

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