Money, Markets, and Sovereignty (Council on Foreign Relations Books)

Money, Markets, and Sovereignty is a thought-provoking book that challenges readers to reconsider their views on globalization and economic liberalism.

Written by two renowned experts in the field, this book offers a comprehensive history of monetary nationalism and its impact on international trade relations.

With a unique blend of intellectual history and political analysis, Steil and Hinds provide a compelling argument for why monetary nationalism represents the greatest threat to globalization today. The authors delve into the historical roots of monetary nationalism, exploring how it has evolved over time and how it has been used to justify protectionist policies in the past.

They also examine the current state of international economic relations, highlighting the unusual and precarious situation in which we find ourselves today - with a global trade regime that is increasingly liberal but alongside an extreme doctrine of monetary nationalism. Throughout the book, Steil and Hinds emphasize the importance of political and economic thinking in shaping our understanding of globalization and its potential benefits and drawbacks.

They argue that a revival of these earlier ideas is necessary to address the challenges posed by monetary nationalism and to ensure a more stable and prosperous future for all. With its timely and valuable examination of the pros and cons of modern globalization, Money, Markets, and Sovereignty is an essential read for anyone interested in understanding the complex issues surrounding international trade and economic policy.