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<p>[QUOTE=&quot;EWC3, post: 4109052, member: 93416&quot;]A puzzling loaded question since nobody here claimed ‘modern economists are not Keynesian’</p><p><br /></p><p>However, thanks indeed for the introduction to the wonderful world of Robert Mundell!</p><p><br /></p><p>He gives a fascinating version of the world’s 20th century economic history in his Nobel acceptance speech here:</p><p><br /></p><p><a href="https://www.nobelprize.org/uploads/2018/06/mundell-lecture.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.nobelprize.org/uploads/2018/06/mundell-lecture.pdf" rel="nofollow">https://www.nobelprize.org/uploads/2018/06/mundell-lecture.pdf</a></p><p><br /></p><p>If I have it right - he makes extraordinary claims – perhaps (?) that if the US had manipulated the gold price three years earlier we might have avoided WW II!</p><p><br /></p><p>I really have no idea if he is right or not – but doubtless he confers a sort of god like status on economic tinkerers like himself, and its easy to see why that would be a popular view amongst economists.</p><p><br /></p><p>However, the importance of Mundell surely really lies not in his historical analysis, or the fact he won a big prize. Its because as “Godfather of the Euro” he actually did have a massive personal effect on world economic history.</p><p><br /></p><p>As a humble numismatist I really cannot comment on his modern macroeconomic analysis. But he wrote a lot bearing on old coins. I see very serious problems in his extensive writing on the history of old coins. Again the problem is a sort of god-like bending of the facts to suit what he would like to believe about pre-modern coinage events, rather than what actually seems to have happened.</p><p><br /></p><p>Our world is in the hands of such people.............</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>

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