Phrase by 'Robert Mundell'
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How much we owe to good teachers, good education, and good advice!
Author: Robert Mundell - Canadian EconomistEducation , Good , Teachers , Advice
Monetary discipline forces fiscal discipline on the politicians as well.
Author: Robert Mundell - Canadian EconomistWell , Discipline , Politicians , Fiscal
The United States can't keep a completely open system if the rest of the world is less open. The United States may have to take a leaf out of the book of Japan, China, and Germany, and have protectionism inside the system.
Author: Robert Mundell - Canadian EconomistWorld , Book , Rest , Leaf
As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.
Author: Robert Mundell - Canadian EconomistLove , Me , Choice , Canada
I went to the University of Washington in Seattle. This was a very good place to study, and I learned a lot. But it wasn't the right place for my Ph.D.
Author: Robert Mundell - Canadian EconomistGood , Study , Place , University
I decided to go to the London School of Economics to write my thesis for MIT, under James Meade, Nobelist with Bertil Ohlin in 1977.
Author: Robert Mundell - Canadian EconomistGo , School , Economics , London
In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn't mention money.
Author: Robert Mundell - Canadian EconomistMoney , School , Economics , London
The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.
Author: Robert Mundell - Canadian EconomistWorld , War , Down , Problem
The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.
Author: Robert Mundell - Canadian EconomistTime , Gold , War , Price
The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.
Author: Robert Mundell - Canadian EconomistLike , Change , Pressure , China