Changing Fortunes: The World’s Money and the Threat to American Leadership.

VOLCKER, Paul A. and Toyoo Gyohten.

$600.00

Item Number: 144897

New York: Times Books, 1992.

First edition of this work by the former Federal Reserve chairman. Octavo, original half cloth, illustrated. Presentation copy, lengthily and warmly inscribed by the author on the front free endpaper, “6/18/92 To John Petty, Who shared in a lot of these changing fortunes and some of his own! Where have you been? I think they still need us! With great respect and friendship Paul.” Fine in a fine dust jacket. Jacket design by Marjorie Anderson. Jacket illustration by Lawrence Ratzkin.

Changing Fortunes is based on a series of lectures given at the Woodrow Wilson School, gives an inside view of all the significant economic events of the last four decades, including the formation of the new monetary system that was negotiated at Bretton Woods in 1944, the Latin American debt crisis of the 1970s, and the interest rate shocks of the late '70s and early '80s. Anyone interested in understanding the current state of world economic affairs will find Changing Fortunes an extremely useful primer.