“Given the network-externality characteristic of international monetary arrangements, reforming them is necessarily a collective endeavor. But the multiplicity of countries creates negotiating costs.”

—  Barry Eichengreen , Introduction

Source: Globalizing Capital (2008), Chapter 1. Introduction

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Given the network-externality characteristic of international monetary arrangements, reforming them is necessarily a co…" by Barry Eichengreen?
Barry Eichengreen photo
Barry Eichengreen 10
Economist 1952

Related quotes

“An important consequence of the unique interaction between internal and external forces … is that knowledge of genetic differences contains no information at all about whether a characteristic can be changed by environmental and social arrangements. The most elementary error about genetics and development is to suppose that “genetic” is the opposite of “changeable” and that an answer to the question “how much can a trait be changed by social, historical, and individual circumstances” is given by an answer to the question “how important are genes.””

Richard C. Lewontin (1929) American evolutionary biologist

Genes and Sexuality: An Exchange (1995)

Leonid Brezhnev photo

“When external and internal forces hostile to the development of socialism try to turn the development of a given socialist country in the direction of the restoration of the capitalist system, when a threat arises to the cause of socialism in that country … this is no longer merely a problem for that country's people, but a common problem, the concern of all socialist countries.”

Leonid Brezhnev (1906–1982) General Secretary of the Communist Party of the Soviet Union

Speech at the 5th Congress of the Polish United Workers Party (12 November 1968), quoted in The Rise and Fall of the Brezhnev Doctrine in Soviet Foreign Policy (2003) by Matthew J. Ouimet

Timothy Ferriss photo

“In excess, most endeavors and possessions take on the characteristics of their opposite.”

Timothy Ferriss book The 4-Hour Workweek

The 4-Hour Workweek (2007)

Nicholas Barr photo

“Given the external benefits higher education creates, it is efficient that taxpayers subsidies should be a permanent part of the landscape.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 329

Kevin Kelly photo

“The first thing the network economy reforms is our identity.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Alfred de Zayas photo

“A democratic and equitable international order necessarily functions on the basis of multilateralism and international solidarity. It aims at promoting a culture of peace and dialogue among nations and peoples, fully respecting the sovereignty of States and ensuring that civil society in all countries has ample space to express itself and to enjoy its individual and collective rights and pursue its traditions, culture and identity.”

Alfred de Zayas (1947) American United Nations official

2018, Report submitted to the UN Human Rights Council

James Meade photo

“Now there are two ways in which the authorities of a particular country may combine the use of financial policy and of price adjustment. (i) First, financial policy may be used for the preservation of internal balance and price adjustment for the preservation of external balance. (ii) Second, financial policy may be used for the preservation of external balance and price adjustment for the preservation of internal balance. On either of these principles the authorities of any one country can set about the simultaneous preservation of internal and external balance.”

James Meade (1907–1995) British economist

Source: The balance of payments, 1951, p. 157; As cited in: Metaxas & Weber (2013, p. 22)

Barry Eichengreen photo

“This history of the international monetary system is short in two senses of the word. First, I concentrate on a short period: the century and a half from 1850 to today. Many of the developments I describe have roots in earlier eras, but to draw out their implications I need only consider this relatively short time span. Second, I have sought to write a short book emphasizing thematic material rather than describing international monetary arrangements in exhaustive detail.”

Barry Eichengreen (1952) Economist

Preface
Globalizing Capital (2008)

Henry Calvert Simons photo

“Eliminate all forms of monopolistic market power, to include the breakup of large oligopolistic corporations and application of anti-trust laws to labor unions. A Federal incorporation law could be used to limit corporation size and where technology required giant firms for reasons of low cost production the Federal government should own and operate them… Promote economic stability by reform of the monetary system and establishment of stable rules for monetary policy… Reform the tax system and promote equity through income tax… Abolish all tariffs… Limit waste by restricting advertising and other wasteful merchandising practices.”

Henry Calvert Simons (1899–1946) American economist

A Positive Program for Laissez Faire, (1934)

Iain Duncan Smith photo

“When she gets into negotiations with her European counterparts about trade arrangements, could she remind them that cake exists to be eaten and cherries exist to be picked.”

Iain Duncan Smith (1954) British politician

Speech in Parliament https://www.telegraph.co.uk/politics/2018/03/05/piece-cake-iain-duncan-smiths-peculiar-advice-theresa-may-brexit/ referring to the metaphor, widely-used in reference to the UK government's Brexit policy, that you can't have your cake and eat it (5 March 2018)
2018

Related topics