Appendix to Lecture 3: A Note on the History of the Doctrines Developed in the Preceding Lecture

APPENDIX TO LECTURE 3

Lecture 4: The Case For and Against an “Elastic” Currency

LECTURE 4

The Case For and Against an “Elastic” Currency

The notion common... to 90 per cent, of the writings of monetary cranks is that every batch of goods is entitled to he born with a monetary label of equivalent value round its neck, and to carry it round its neck until it dies.

D.H. Robertson Economica 23 (June 1928): 142

Appendix to Lecture 4: Some Supplementary Remarks on “Neutral Money”

APPENDIX TO LECTURE 4

Capital and Industrial Fluctuations: A Reply to a Criticism

APPENDIX

Monetary Nationalism and International Stability (1937)

MONETARY NATIONALISM AND INTERNATIONAL STABILITY

Preface

Preface

The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they were delivered and, as is explained in the first lecture, limitations of time made it necessary to choose between discussing the concrete problems of the present policy of monetary nationalism and concentrating on the broader theoretical issues on which the decision between an international standard and independent national currencies must ultimately be based.

Lecture 1: National Monetary Systems

LECTURE 1

National Monetary Systems

1. Theoretical Character of these Lectures

Lecture 2: The Function and Mechanism of International Flows of Money

LECTURE 2

The Function and Mechanism of International Flows of Money

1. The Functions of Redistributions of the World’s Stock of Money

Lecture 3: Independent Currencies

LECTURE 3

Independent Currencies

1. National Stabilization and International Shifts of Demand

Lecture 4: International Capital Movements

LECTURE 4

International Capital Movements

1. Definition and Classification of Capital Movements