Laboratory readings - Category: Stories    
 Bretton Woods and the path not taken7 comments
category picture2 Jul 2002 @ 22:10
The Bretton Woods System takes its name from the 1944 conference that gave birth to three international institutions - the IMF, the World Bank and GATT (the General Agreement on Tariffs and Trade). It was the basis for the post-war global economy.  More >

 Wörgl's Stamp Scrip – The Threat of a Good Example?307 comments
category picture26 Jun 2002 @ 01:50
On July 5th 1932, in the middle of the Great Depression, the Austrian town of Wörgl made economic history by introducing a remarkable complimentary currency. Wörgl was in trouble, and was prepared to try anything. Of its population of 4,500, a total of 1,500 people were without a job, and 200 families were penniless.  More >