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Mad Doings in Trade

Anatole Kaletsky, 21 June 1984

The World’s Money: International Banking from Bretton Woods to the Brink of Insolvency 
by Michael Moffitt.
Joseph, 284 pp., £9.95, February 1984, 0 7181 2414 6
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International Debt and the Stability of the World Economy 
by William Cline.
MIT, 134 pp., £5.10, September 1983, 0 262 53048 1
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Managing Global Debt 
by Richard Dale and Richard Mattione.
Brookings, 50 pp., October 1983, 0 8157 1717 2
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... by reading such serious and detailed studies of the debt crisis as the ones by Cline or Dale and Mattione. One could, however, begin to understand what had happened by talking to the practitioners themselves – and talking to them not as a theoretician, seeking post hoc rationalisations, but as a journalist looking for juicy yarns. This is why a ...

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