Part 1: Purchasing Power Parity: Origin and Use -- Chapter 1: Salamancans and Gerard Malynes -- Chapter 2: Gustav Cassel -- Chapter 3: Purchasing Power Parity in Economic History -- Chapter 4: Afterword to Part I -- Part 2: Purchasing Power Parity: Empirical Studies -- Chapter 5: Absolute and...

If emerging markets are to achieve their objective of joining the ranks of industrialized, developed countries, they must use their economic and political influence to support radical change in the international financial system. This working paper recommends John Maynard Keynes's "clearing...