Hoover Videos

"Unusual, Unstable, Complicated, Unreliable and Temporary: Reinterpreting the Ebb and Flow of Globalization” an interview with Michael Bordo

Tuesday, February 11, 2020
Image credit: 
kentoh, Shutterstock

Michael Bordo is a Distinguished Visiting Fellow at the Hoover institution, Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University. He has authored and coedited fourteen books on monetary economics and monetary history, and is currently working on a Hoover Institution book project titled The Historical Performance of the Federal Reserve: The Importance of Rules; a project on “Bank Lending and Policy Uncertainty”; a project on “Financial Globalization and Financial Crises”; and a project on “Central Bank Credibility and Reputation: A Historical Perspective.”

Professor Bordo presented his latest paper, which explored the turning points in the evolution of the global economic system since Keynes’s famous 1919 tract, The Economic Consequences of the Peace. It focused on the evolution of the international monetary system and policy cooperation, including the very diplomatic failures and lapses in leadership which Keynes predicted would lead to a backlash of economic nationalism, trade protectionism and recession


This interview is part of the History Working Group Seminar Series. A central piece of the History Working Group is the seminar series, which is hosted in partnership with the Hoover Library & Archives. The seminar series was launched in the fall of 2019, and thus far has included six talks from Hoover research fellows, visiting scholars, and Stanford faculty. The seminars provide outside experts with an opportunity to present their research and receive feedback on their work. While the lunch seminars have grown in reputation, they have been purposefully kept small in order to ensure that the discussion retains a good seminar atmosphere.