Friday, July 12, 2013
Daniel N. Shaviro (NYU), Trade, Currency, and International Cooperation (Jotwell), reviewing Benn Steil (Council on Foreign Relations), The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order (Princeton University Press, 2013):
It’s always nice when you can combine outside reading for fun with something that is educational and at least indirectly professionally relevant. Benn Steil’s economic and diplomatic history of the 1944 Bretton Woods conference, which established the post-World War II global framework for currency relationships and international trade (while also creating the International Monetary Fund and the World Bank) filled this niche for me during a quiet weekend. While the subject is not literally or directly related to taxation, it touches so closely on finance, macroeconomic policy, and international trade as to occupy a common universe with overlapping concerns.