Herman Mark Schwartz writes on the dollar and empire for Phenomenal World

Herman Mark Schwartz, economic historian and Professor of Politics at the University of Virginia, wrote on “The Dollar and Empire” for JFI’s independent publication, Phenomenal World. The piece follows and responds to a widely-circulated analysis of dollar hegemony by economists Yakov Feygin and Dominik Leusder. Schwartz’s piece focuses on the geopolitical aspects of the dollar’s dominance in world markets. From the piece:
“Two flaws in traditional histories of the nineteenth century European empires lead them to misunderstand the structure of empire and in particular the relationship between imperial centers and peripheries. Examining these missteps clarifies the global role of the British pound then, and the US dollar now.”
Thank you to Schwartz for the compelling historical analysis; read the full piece here.
Related
Atlantic Council brief: “Clean industrial policies: A space for EU-US collaboration”
JFI fellows Jonah Allen and Théophile Pouget-Abadie wrote this brief as part of our affiliate initiative with the Atlantic...
New paper: Exploring Data as and in Service of the Public Good
Co-authored by the Digital Public Goods Alliance (DPGA), Global Partnership for Sustainable Development Data, Jain Family Institute, UN Global Pulse,...
Welcoming two fellows on European decarbonization
The fellows join our affiliate initiative with the Atlantic Council.