International Monetary Policy after the Euro

International Monetary Policy after the Euro

Edited by Robert A. Mundell, Paul J. Zak and Derek Schaeffer

This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system.

Chapter 5: Lionel Robbins Lecture

Lord Robert Skidelsky

Subjects: economics and finance, money and banking


Introduced by Robert A. Mundell and W. Max Corden Presented by Lord Robert Skidelsky ROBERT MUNDELL: It’s my great pleasure and honor to introduce this session on the Robbins Lecture. I want to just say a few words about Lord Robbins and then Max will introduce Lord Skidelsky. [Former London School of Economics economist] Lionel Robbins [1898–1984] was at the first Bologna Center conference and was instrumental in making it a great success. He was the chairman of it for quite some time and ran the meetings in the following manner: he always gave the opening address to sort out the issues that should be discussed, and then afterwards we’d go around the table and discuss the things he said. He came to almost all of the subsequent meetings until the end of his life. Max and I knew Lionel well, I first met him at the London School of Economics [LSE] in 1955, and I think Max had come a year before. I came with regards from Paul Samuelson at MIT and Lionel ushered me into a room for our first meeting and we spent the whole meeting talking about Dostoyevsky’s Idiot for some strange reason. I hope he wasn’t thinking of me. Subsequently I came to admire him very much, and when I came to the Bologna Center in 1959–60 I invited him to these meetings and each year he gave an address. At this time there was a course called European Integration, it was a...

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