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The Hypocritical Financial Markets | Armstrong Economics

QUESTION: I was told I should not listen to you because you manipulated the world economy with the bankers, and you were an adviser to BCCI and managed money

Russia , Philippines , London , City-of , United-kingdom , Qatar , Brunei , Princeton , Devon , Saudi-arabia , Luxembourg , Italy

The Mundell difference | VOX, CEPR Policy Portal


Paul De Grauwe
The opening sentence of Robert Mundell’s 1963 paper “Capital mobility and stabilization policy under fixed and flexible exchange rates” — one of the two most influential in a series of pathbreaking papers he published in the late 1950s and early 1960s — is curious: “The world is still a closed economy, but its regions and countries are becoming increasingly open.”
“Still”? Was Mundell thinking of a future with interplanetary trade, so that eventually the world as a whole
wouldn’t be a closed economy? OK, he probably wasn’t, but if he was, it would have been in character. Mundell, who passed away on 4 April, was an economist ahead of his time.

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