IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v43y2023i3p619-645id2418.html
   My bibliography  Save this article

The commodity reserve currency chapter: Friedrich A. Hayek, John Maynard Keynes, and the International Monetary Order

Author

Listed:
  • Keanu Telles

Abstract

The frontal clash in the pages of Economica between Friedrich A. Hayek andJohn Maynard Keynes in 1931 was unique in scale and influence. Although this eventhad intense repercussions on the profession as a whole, in 1943 occurred a less discussedepisode involving both men. Hayek and Keynes entered into controversy regarding the refoundationsof the international monetary order post-Second World War and the commodityreserve currency proposal. This round was somewhat neglected but is historiographicallyrelevant since it was the only public debate with the active engagement of both sides ina professional journal after 1931. Moreover, it epitomized the personal and intellectual mature relationship of Hayek and Keynes, marked by convergence, dialogue, and friendship.This collaboration was particularly developed when the London School of Economics (LSE)evacuated to Cambridge during the Second World War and Keynes found rooms for Hayekin King’s College, Cambridge. JEL Classification: B25; B31; B41.

Suggested Citation

  • Keanu Telles, 2023. "The commodity reserve currency chapter: Friedrich A. Hayek, John Maynard Keynes, and the International Monetary Order," Brazilian Journal of Political Economy, Center of Political Economy, vol. 43(3), pages 619-645.
    • Handle: RePEc:ekm:repojs:v:43:y:2023:i:3:p:619-645:id:2418
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/2418/2354
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Friedrich A. Hayek; John Maynard Keynes; Benjamin Graham; commodity reserve currency; international monetary system;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:43:y:2023:i:3:p:619-645:id:2418. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.