The Leaderless Economy reveals why international financial cooperation is the only solution to today's global economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an...

Preface -- The world economy is broken -- The British century and the Great Depression -- Keynes from the Macmillan committee to Bretton Woods -- The American century and the global financial crisis -- Restoring international balance in Europe -- Restoring international balance in the world --...

"We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these policies had their most potent effects in the worst peaceful economic periods in modern times. While we are lucky to have avoided another catastrophe like the Great Depression...