Description

This book presents the lifelong and ongoing research of Lawrence H. Officer in a systematic way. The result is an authoritative treatment of such issues as market structure and economic efficiency where more than one characteristic of a commodity is priced, both in general and in application to shipping conferences; financing of the United Nations and International Monetary Fund; monetary history of the UK and US; and central-bank preferences between gold and dollars, The bookÿfirstÿexamines multidimensional pricing, defined as pricing when a commodity or service has several characteristics that are priced.ÿThe second partÿis concerned with country-group conflicts in the United Nations and International Monetary Fund.ÿThe book thenÿtakes a fresh look at historical experiences of monetary-standard upheavals and the final part considers a crucial time (1958-67), during which central-bank gold-dollar decisions were power-politically determined.