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Improving the Existing System

In: The Case against Floating Exchanges

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  • Paul Einzig

Abstract

Admittedly it is easy to find fault with the reform proposals made by others. It would be incomparably more difficult to make a counter-proposal suggesting a bold, imaginative and original reform that would be economically satisfactory, politically acceptable and technically feasible. It is not the object of this book to try to perform that task. But there is an alternative to their plans which is worth considering, even though it is neither original nor ingenious — the Bretton Woods system should be maintained but its interpretation and application should be improved. There must be a great deal of rethinking on those lines.

Suggested Citation

  • Paul Einzig, 1970. "Improving the Existing System," Palgrave Macmillan Books, in: The Case against Floating Exchanges, chapter 0, pages 176-188, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-00681-6_19
    DOI: 10.1007/978-1-349-00681-6_19
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