Globalizing Capital: A History of the International Monetary System - Third Edition

Up-to-date and essential, Globalizing Capital provides unparalleled insights into the workings of the international economy. This newly updated edition offers lucid, easily comprehensible, and thought-provoking analysis that encompasses recent events that have profoundly impacted the global financial landscape. From the historical framework of the classical gold standard to the current post-Bretton Woods "nonsystem," this book offers an indispensable chronicle of 150 years of international monetary and financial history.

Bringing the narrative up to the present day, the third edition delves into significant developments such as the global financial crisis, the Greek bailout, the Euro crisis, China's emergence as a global monetary power, the renewed debates surrounding the international role of the U.S. dollar, and the currency war. Accessible to readers of diverse backgrounds, this concise and non-technical work holds strong appeal for general readers, students, and experts alike. It offers a must-read exploration for anyone seeking a comprehensive understanding of the trajectories that the international economy has traversed—and the potential paths it may follow in the future.