money and classical political thought in a new country
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Imagine a new country is being established in our modern times. Use the readings from the Money and Classical Political Thought section of the course to discuss whether this new country should have a central bank, should peg their currency to the US dollar and whether it should have capital controls. How does this relate to the notion of “money and national power”?
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Order Paper NowMoney and Classical Political Thought readings:
John Locke, The Second Treatise of Government (1689), chapter five.
John Kenneth Galbraith, The Affluent Society (1958), chapter three.
John Kenneth Galbraith, Money: Whence it Came, Where it Went (1975), 45-62.
Alexander Hamilton, “Notes on the Advantages of a National Bank” (1791).
Thomas Jefferson, “Opinion on the Constitutionality of a National Bank.”
William Jennings Bryan, “Cross of Gold” speech (1896)
John Maynard Keynes, The Economic Consequences of the Peace, 1919. Friedrich Hayek, The Road to Serfdom, chapter 7.
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