Robert Mundell

Economist

1932-10-24

Quotes by Robert Mundell

• The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.

  Read quote

• The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

  Read quote

• As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.

  Read quote

• The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.

  Read quote

• The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.

  Read quote