Into the twentieth century -- I: Last best years of the golden age, 1896-1914. Global capitalism triumphant -- Defenders of the global economy -- Success stories of the golden age -- Failures of development -- Problems of the global economy -- II: Things fall apart, 1914-1939. "All that is solid...

Is there a valid argument for international cooperation, and some form of international governance structure, in the international monetary realm? On the purely economic front, the argument is not strong. Yet a broader political economy approach concludes that national currency policy can in...