Fact and Fancy in International Economic Relations. An Essay on International Monetary Reform. Written in Collaboration with Peter Balacs.

First edition. 8vo. xiv, 116 pp. Original brown cloth, spine lettered in black on gilt ground, dust jacket (internally clean without underlinings or annotations, some light rubbing to extremities of jacket, a near fine copy). Oxford, Pergamon Press.

A sustained critique of the influence of monetarism in economic policy by the Hungarian-born British political economist Thomas Balogh, Baron Balogh (1905-1985).

Balogh was a 'heterodox political economist, an adviser to numerous governments and central banks, as well as being Adviser on Economic Affairs in the Cabinet Office of the UK during Harold Wilson’s premiership. His contributions to development economics were mostly critical rather than creative, showing the weaknesses in a variety of models and policies. He was welcomed by progressive governments for his ability to understand the politics of decision-making and to identify equitable solutions' (Palgrave Companion to Oxford Economics, p. 35).

Stock Code: 247788