A Scholar in Action in Interwar America: John H. Williams on Trade Theory and Bretton Woods

  • Pier Francesco Asso
  • Luca Fiorito
Part of the Archival Insights into the Evolution of Economics book series (AIEE)


Interwar economic events were a powerful source of inspiration for those economists who studied the relation between theory and current problems with a view to prescribing original solutions for policy authorities. If we examine the presidential addresses at the annual meetings of the American Economic Association (AEA), we see that the difficulty in reconciling past economic doctrines with the events which were profoundly disturbing the working of the economic system was frequently deplored. Many scholars denounced the inherited corpus of economic theories as inadequate and misleading. Others asked whether the causes of economic maladjustments could exclusively be grouped in the short term of cyclical fluctuations which characterized the transition between equilibrium positions. Still others, more pragmatically, believed that there were major imperfections in economic policies and the institutional framework which needed to be profoundly rethought and redesigned.1


Exchange Rate Monetary Policy Central Bank International Monetary Fund American Economic Review 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Pier Francesco Asso and Luca Fiorito 2009

Authors and Affiliations

  • Pier Francesco Asso
  • Luca Fiorito

There are no affiliations available

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