16. The Present Monetary Crisis of the West: The First Phase (1964)

16 The Present Monetary Crisis of the West: The First Phase1

‘There marched the Emperor in the procession under the beautiful canopy, and everybody in the streets and in the windows said: “Goodness! The Emperor’s new clothes are the finest he has ever had. What a wonderful train, what a perfect fit!” . . .

Appendix: Personal Statement of Dissent Appended to the Bellagio Report (1964)

Appendix1

Statement by Michael A.

The Ludwig von Mises Institute

The Ludwig von Mises Institute

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International Monetary Economics

International Monetary Economics

International Monetary Economics

INTERNATIONAL MONETARY ECONOMICS

By

MICHAEL A. HEILPERIN, D.Sc. (Econ.)

Assistant Professor at the Graduate Institute
of International Studies, Geneva

LONGMANS, GREEN AND CO.

LONDON NEW YORK TORONTO

LVMI

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Longmans, Green And Go. Ltd.

LONGMANS, GREEN AND GO. LTD.

39 PATERNOSTER ROW, LONDON, E.C.4 17

CHITTARANJAN AVENUE, CALCUTTA

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First published 1939

PRINTED IN GREAT BRITAIN BY WESTERN PRINTING SERVICES LTD., BRISTOL

Digital edition September 2013 by the Mises Institute

To My Colleagues and Friends of the Graduate Institute of International Studies

To
My Colleagues and Friends
of the Graduate Institute
of International Studies

Preface

PREFACE

THE scope of this book covers an investigation of the structure of international monetary relations, an inquiry into the nature of monetary internationalism and into the conditions which make its continued existence possible, and an investigation of the consequences of its destruction and replacement by nationalistic monetary policies.