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Building up a multilateral strategy for the United States: Alvin Hansen, Jacob Viner and the Council on Foreign Relations (1939-1945)

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Author Info
Sebastiano Nerozzi () (University of Palermo, Dipartimento di Studi su Politica, Diritto e Società)
Abstract

Between 1943 and 1947 a new economic order was founded, which aimed at implementing multilateral trade, international monetary cooperation and economic stability supported by government intervention. This paper describes the contribution provided to this process by a group of American economists working under the auspices of the Council on Foreign Relations and in close connection with the State Department. Since 1939 the Economic and Financial Group led by Jacob Viner and Alvin H. Hansen played an important role in designing strategic choices which concerned American economic interests in the post-war world and in preparing the ground for the establishment of such multilateral agencies as the IMF, the IBRD and the ITO-GATT system. In assessing Viner’s and Hansen’s views and proposals, this paper shows how different and competing approaches to economic theory and policy compromised and converged in supporting this outcome.

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Paper provided by Universita' degli Studi di Firenze, Dipartimento di Scienze Economiche in its series Working Papers Series with number wp2007_08.

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Length: 43 pages
Date of creation: 2007
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Handle: RePEc:frz:wpaper:wp2007_08

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Related research
Keywords: Jacob Viner Alvin Hansen Bretton Woods Council on Foreign Relations Post-War Planning State Department.

Find related papers by JEL classification:
B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals
E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
F59 - International Economics - - International Relations and International Political Economy - - - Other
N12 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - U.S.; Canada: 1913-

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This page was last updated on 2008-8-17.

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