Before the Neoliberal Turn ― The Rise of Energy Finance and the Limits to Us Foreign Economic Policy

This book pinpoints continuities and changes in U.S. foreign economic policy from the fixed exchange rate system of the 1960s through to the period between the two oil crises of the 1970s. Chapters pay close attention to the interconnectedness between the long lasting decline of the U.S. Dollar on foreign exchange markets and the U.S. balance of payments, transformations in international capital markets, and international oil developments. The book charts the prolonged failure of Washington’s foreign economic policies to restore U.S. financial and monetary leadership through to the Carter Administration.

Simone Selva is currently Research Fellow in the history of international economic relations at the University of Naples L’Orientale and visiting scholar at New York University. A former scholar at Harvard and Oxford Universities, he specializes in the process of international financial and monetary interdependence from Bretton Woods through the 1970s. He is the author of Supra-national integration and domestic economic growth: The United States and Italy in the Western Bloc Rearmament Programs, 1945-1955.