The Postwar Economic Order : : National Reconstruction and International Cooperation / / Albert O. Hirschman; ed. by Michele Alacevich, Pier Francesco Asso.

• Superior document: Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2022
• VerfasserIn: Hirschman, Albert O.,
• MitwirkendeR: Alacevich, Michele,; Asso, Pier Francesco,; Hinrichs, Barbara,; Hirschman, Albert O.,
• HerausgeberIn: Alacevich, Michele,; Asso, Pier Francesco,
• Place / Publishing House: New York, NY : : Columbia University Press, , [2022]; ©2022
• Year of Publication: 2022
• Language: English
• Physical Description: 1 online resource

Years before he became renowned as one of the most original social scientists of the twentieth century, Albert O. Hirschman played an active role in the rebuilding of postwar Europe. Between 1946 and 1952, he worked as an economic analyst in the Research Division of the Federal Reserve Board of the United States, focusing on the reconstruction of Europe and the Marshall Plan. In that capacity, Hirschman wrote a number of reports about European economic policies, the first efforts at intra-European cooperation, and the uncertainties that surrounded the shaping of a new international economic order with the United States at its core.The Postwar Economic Order presents a collection of these interrelated reports, which offer incisive firsthand analysis of postwar Europe and give a behind-the-scenes view of American debates on European economic recovery. They feature nuanced and sophisticated discussion of topics such as the postwar “dollar shortage,” U.S.-European relations, and the first steps toward European economic integration. Hirschman provides original and perceptive interpretations of the struggles that European governments faced along their paths toward economic recovery. Throughout, Hirschman’s stylistic gifts and characteristic ways of reasoning are on full display as he highlights the counterintuitive and paradoxical aspects of economic and political processes. Shedding new light on the origins of European economic cooperation, this book provides unparalleled insight into the development of Hirschman’s thinking on economic development and reform.

Table of Contents

Frontmatter -- CONTENTS -- EDITORS’ ACKNOWLEDGMENTS AND A NOTE ON THE TEXTS -- ALBERT O. HIRSCHMAN AT THE FEDERAL RESERVE, 1946–1952 -- I. PATTERNS OF EUROPEAN RECONSTRUCTION: MACROECONOMIC CHALLENGES -- 1 HIGHER INTEREST RATES AND THE CREDIT SHORTAGE IN FRANCE -- 2 EXCHANGE CONTROL IN ITALY—I -- 3 EXCHANGE CONTROL IN ITALY—II -- 4 FRANCE AND ITALY Patterns of Reconstruction -- 5 PUBLIC FINANCE, MONEY MARKETS, AND INFLATION IN FRANCE -- 6 CREDIT RESTRICTIONS AND DEFLATION IN ITALY -- II. THE MARSHALL PLAN AND THE END OF DISCRIMINATION -- 7 TRADE STRUCTURE OF THE “MARSHALL PLAN COUNTRIES” -- 8 INFLATION AND BALANCE OF PAYMENTS DEFICIT -- 9 DOLLAR SHORTAGE AND DISCRIMINATION -- 10 THE OEEC INTERIM REPORT ON THE EUROPEAN RECOVERY PROGRAM—A SUMMARY -- 11 INTERNATIONAL ASPECTS OF A RECESSION -- 12 THE U.S. RECESSION AND THE DOLLAR POSITION OF THE OEEC COUNTRIES -- III. EUROPEAN INTEGRATION AND THE WAY BACK TO MULTILATERALISM -- 13 THE NEW INTRA-EUROPEAN PAYMENTS SCHEME -- 14 PROPOSAL FOR A EUROPEAN MONETARY AUTHORITY -- 15 LIBERALIZATION OF THE ECA DOLLAR Introductory Note -- 16 EUROPEAN PAYMENTS UNION—A POSSIBLE BASIS FOR AGREEMENT -- 17 MULTILATERALISM AND EUROPEAN INTEGRATION -- 18 THE EUROPEAN PAYMENTS UNION -- 19 SIZE AND DISTRIBUTION OF THE PUBLIC DEBT IN SELECTED COUNTRIES -- IV. THE ECONOMIC CONSEQUENCES OF U.S. HEGEMONY -- 20 THE LONG-RUN EFFECT OF DEVELOPMENT AND INDUSTRIALIZATION ABROAD ON THE UNITED STATES -- 21 THE INFLUENCE OF U.S. ECONOMIC CONDITIONS ON FOREIGN COUNTRIES -- INDEX