Z: **Archived from Fall 2007**: American Economic History: Economics 113

Paper Topic 2: Eichengreen's Globalizing Capital

Barry Eichengreen's Globalizing Capital presents the best short history of the international monetary system in existence. Consider either how the U.S. economy and its role in the international monetary system has affected the rest of the world, or how the international monetary system in the rest of the world has affected the United States. Discuss either of:

1. How the stability and growth of the rest of the world were affected by U.S. actions affecting the international monetary system, and what changes of policy when in America could have made things better (or worse) than they were in reality.

2. How U.S. economic growth has been aided or retarded by what is going in the rest of the world's international monetary system, and what changes of policy when in the rest of the world could have made things better (or worse) than they were in reality.

Comments on DeLong and Eichengreen

J. Bradford DeLong and Barry Eichengreen, "From Meltdown to Moral Hazard" http://www.j-bradford-delong.net/Econ_Articles/CIEP/CIEP_revision06102001.PDF

Comments on DeLong

J. Bradford DeLong (1996), “Keynesianism, Pennsylvania Avenue Style: Some Economic Consequences of the Employment Act of 1946,” Journal of Economic Perspectives, 1996, vol. 10, issue 3, pages 41-53 http://www.j-bradford-delong.net/pdf_files/Keynesianism_Pennsylvania.pdf
J. Bradford DeLong, "America's Only Peacetime Inflation: The 1970s," published in Reducing Inflation: Motivation and Strategy, Christina Romer and David Romer, eds., (Chicago: University of Chicago Press) 1997

Comments on Bowden and Offer

Sue Bowden and Avner Offer (1994), “Household Appliances and the Use of Time” Economic History Review 47: 725-748 http://www.j-bradford-delong.net/Teaching_Folder/Econ_210c_spring_2002/Readings/Offer.pdf

Comments on Wright

Gavin Wright (1991), “Understanding the Gender Gap: A Review Article,” Journal of Economic Literature : 1153-63 http://www.j-bradford-delong.net/Teaching_Folder/Econ_210c_spring_2002/Readings/Wright_Goldin.pdf

Comments on Romer

Christina Romer (1993) “The Nation in Depression.” Journal of Economic Perspectives 7 (Spring 1993): 19-39 http://www.j-bradford-delong.net/Teaching_Folder/Econ_210c_spring_2002/Readings/Romer_nation_depression.pdf.

Comments on Olney

Martha L. Olney (1999), “Avoiding Default: The Role of Credit in the Consumption Collapse of 1930.” Quarterly Journal of Economics CXIV (February 1999): 319-335 http://links.jstor.org/sici?sici=0033-5533%28199902%29114%3A1%3C319%3AADTROC%3E2.0.CO%3B2-R.

Comments on White

Eugene White (1990), “The Stock Market Boom and the Crash of 1929,” Journal of Economic Perspectives 4:2 (Spring), pp. 67-83 http://www.j-bradford-delong.net/Teaching_Folder/Econ_210c_spring_2002/Readings/White_crash.pdf

Comments on Devine

W. Devine (1983), “From Shafts to Wires: Historical Perspective on Electrification,” Journal of Economic History pp. 347-72 http://www.j-bradford-delong.net/Teaching_Folder/Econ_210c_spring_2002/Readings/Devine.pdf.

Comments on DeLong

J. Bradford DeLong, “Did J.P. Morgan’s Men Add Value?” http://www.j-bradford-delong.net/Teaching_Folder/Econ_210a_f99/Readings/Morgan_Temin.pdf.