Richard Cantillon: Renegade Entrepreneur and Founder of Economics (1660 – 1734)

Most students and academics of economics if asked to draw the family tree of Economic theory would start at the root and write down one thing: Adam Smith, The Wealth of Nations, 1776. They would then go on to expand the economic family tree with full ignorance of any deeper roots to the discipline. In … Continue reading Richard Cantillon: Renegade Entrepreneur and Founder of Economics (1660 – 1734)

The Rise and Fall of the Bretton Woods Empire

Bretton Woods Conference, July 1944. UN Photo This essay will focus on the stability of the international monetary framework that was set-up in Bretton Woods, New Hampshire in 1944 by 29 nations. Specifically whether the fixed exchange rate that was the pillar of this framework provided the stability that lead to what is commonly called … Continue reading The Rise and Fall of the Bretton Woods Empire