By R. Leeson
This quantity examines the original insights supplied by means of archival proof in American economics.
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Extra resources for American Power and Policy (Archival Insights Into the Evolution of Economics)
However heterogeneous these documents may be, their extensive analysis will allow us to describe the contribution of Viner and Hansen to American foreign policy during the Second World War. 3 26 American Power and Policy It gave birth to the IMF and the IBRD, preparing the general framework for the establishment of the GATT and other international economic institutions. This turning point was not, of course, a sudden event, but the result of an intense process of analysis, political debate and negotiation, especially between the American and British governments.
37). In the technical committee Hansen was one of the representatives from the Federal Reserve Board. Together with colleagues, Emanuel A. Goldenweiser and Walter Gardner, who had previously worked out an alternative plan for the IMF,58 he tried to introduce considerable changes in the White scheme, as we can see from this personal letter to White: Since we had our conference with you, the staff at the Federal Reserve has again gone over the whole matter and Goldenweiser is sending you a summary statement of the main points.
Robbins proved, I think, everything considered, my warmest supporter in these proposals. ) Hansen’s informal proposals had now to find their expression in the official negotiations. The Lend-Lease Act of March 1941 provided the 32 American Power and Policy opportunity: in the fall of 1941 the Roosevelt administration was pressing the British government to define some kind of ‘repayment’ for US financial and material aid. No monetary or material transfer was expected: the repayment should be on political grounds.
American Power and Policy (Archival Insights Into the Evolution of Economics) by R. Leeson