Source: "A general equilibrium approach to monetary theory" (1969), p. 29 as cited in: Andrés, Javier, J. David López-Salido, and Edward Nelson. " Tobin's imperfect asset substitution in optimizing general equilibrium http://research.stlouisfed.org/wp/2004/2004-003.pdf." Journal of Money, Credit and Banking (2004): 665-690.
“The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.”
Source: The Political Economy of International Relations (1987), Chapter Four, International Money matters, p. 170
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Robert Gilpin 41
Political scientist 1930–2018Related quotes
Diplomacy https://books.google.com/books?id=VPHQMG3Ue1wC&pg=PA21 (1994), p. 21
1990s
Source: Beyond the Welfare State (1958), p. 38
Context: Generally speaking, the less privileged groups in democratic society, as they become aware of their interests and their political power, will be found to press for more and more state intervention in practically all fields. Their interest clearly lies in having individual contracts subordinated as much as possible to general norms, laid down in laws, regulations, administrative dispositions, and semi-voluntary agreements between apparently private, but in reality, quasi-public organizations [e. g., wage agreements between Swedish unions and employers' confederations, and their counterparts in other countries].
"State Capitalism Comes of Age," http://www.foreignaffairs.com/articles/64948/ian-bremmer/state-capitalism-comes-of-age Foreign Affairs (May/June 2009).
Writing for the court in Everson v. Board of Education, 330 U.S. 1 (1947) about the consequences of the First Amendments Establishment Clause and Free Exercise Clause for the separation of church and state.
Napoleon : In His Own Words (1916)
Source: Markets as politics: A political-cultural approach to market institutions, 1996, p. 657