F.V. Meyer - Böcker

Why is sterling under pressure? Why was the devaluation in 1967 followed by stagnation of British economy? What do the 1971 monetary reforms mean for sterling in the 1970s? First published in 1973, The Functions of Sterling discusses these vital questions and challenges the received wisdom of those who tells us it is beneficial that our money should be worth less. It also examines critically the internal and external performance of sterling throughout the twentieth century. The book argues that the credit control policy offers a real possibility of improved economic growth and encourage the revaluation of sterling. To a large extent the book is in line with Sir Ralph Hawtrey’s reasoning and also integrates monetary economics with "real" problems of comparative costs, innovations, and growth. This book is an essential read for scholars of British economy, public policy, political economy, and economics in general.

Why is sterling under pressure? Why was the devaluation in 1967 followed by stagnation of British economy? What do the 1971 monetary reforms mean for sterling in the 1970s? First published in 1973, The Functions of Sterling discusses these vital questions and challenges the received wisdom of those who tells us it is beneficial that our money should be worth less. It also examines critically the internal and external performance of sterling throughout the twentieth century. The book argues that the credit control policy offers a real possibility of improved economic growth and encourage the revaluation of sterling. To a large extent the book is in line with Sir Ralph Hawtrey’s reasoning and also integrates monetary economics with "real" problems of comparative costs, innovations, and growth. This book is an essential read for scholars of British economy, public policy, political economy, and economics in general.

The main contention of this book, first published in 1978, is that international trade policy must fit the economic structure of the trading countries. The first two chapters, which compare the nineteenth and twentieth century movements towards freer trade, and show the nature of the export structure and pricing, provide the two main themes of the book: policy and the sort of industries on which the policies work.