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This paper surveys the role of the Federal Reserve within the financial regulatory system, with particular attention to the interaction of the Fed's role as both a supervisor and a lender-of-last-resort (LOLR). The institutional design of the Federal Reserve System was aimed at preventing...
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Karl Marx, a pioneer of anti-imperialism (or anti-mercantilism), was exiled in the 1850s in London. A decade later, he … for understanding Marx’s thinking on imperialism, these writings have been largely ignored. This study fleshes out Marx … France, advocated mercantilism, usually supported by military force, and regarded wars as a quick method to accumulate …
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