The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.
Robert GilpinTrade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.
Robert GilpinI was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.
Robert GilpinThrough exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.
Robert Gilpin