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from III - Historical Economist, 1976–2003
Published online by Cambridge University Press: 11 June 2022
Kindleberger’s 1985 presidential address to the American Economic Association launched the final stage in his career, even as the 1985 Plaza Accord launched the next stage in the development of the dollar system. Kindleberger’s high hopes after Plaza were ultimately disappointed but, learning from the period after Nixon’s 1971 abdication of US leadership, he shifted his hopes instead to the prospect of “muddling through.”
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