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 GilpinThese two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have become increasingly crucial to the character and dynamics of international relations in our world.
Robert GilpinMany critics see international trade as a form of cultural imperialism that must be strictly controlled.
Robert Gilpin