Charles P. Kindleberger

Charles P. Kindleberger is Ford International Professor of Economics Emeritus, MIT and Visiting Professor, Brandeis University.

  • Comparative Political Economy

    Comparative Political Economy

    A Retrospective

    Charles P. Kindleberger

    The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history.

    Charles P. Kindleberger's rich and distinguised career has spanned nearly six decades. The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. They also contain dollops of sociology and political science. Kindleberger views himself as a historical economist who tests economic propositions against the historical record in more than one setting. The collection contains many of the jewels of Kindleberger's work. Most of the papers are strong on comparison (within Western Europe and between Europe and the United States), on economic or financial history, and on social science beyond the confines of economics.

    • Hardcover $13.75
    • Paperback $35.00
  • Multinational Excursions

    Multinational Excursions

    Charles P. Kindleberger

    Charles P. Kindleberger is widely regarded as among the most accessible and intelligent practitioners of the economist's craft. This collection of his papers and lectures, articles and reviews, prepared over the past decade, focuses on the role of multinational corporations in the international economy, their relationships with home and host countries (both developed and less developed), the determinants of their size, the impetus to their investment behavior, their history, the literature about them, and their regulation. Chapters relate the phenomenon of the multinational corporation to the body of economic theory. They discuss multinational corporations in world affairs, size of firm and size of nation, the clash of economics and sociology and politics in the internationalization of business, restrictions on direct investment in host countries, direct investment in less developed countries and in militant developing nations, ownership and contract in international business, and multinationals and the small open economy. The origins of United States direct investment in France, and international banks and international business are taken up, followed by Kindleberger's reviews of major books on the multinational corporation and including his criticisms of such popular writing as Barnet and Moller's Global Reach, and Magdoff's Age of Imperialism. Kindleberger's policy statements before various national and international governments, in which he proposes the creation of a loose framework among national authorities to harmonize policies toward the multinational corporation are also included.

    • Hardcover $38.00
    • Paperback $35.00
  • The Multinational Corporation in the 1980s

    Charles P. Kindleberger and David B. Audretsch

    This collection of essays addresses the vital question of how much the theory of direct foreign investment - developed a decade ago before many drastic changes took place on the international economic scene - still holds. Grouped in five major sections, they cover The Theory of Direct Foreign Investment; Industrial Organization and International Markets; Country Studies; International Finance; and Implications for the United States.

    • Hardcover $30.00
    • Paperback $25.00
  • Multinationals from Small Countries

    Multinationals from Small Countries

    Tamir Agmon and Charles P. Kindleberger

    It is generally known that the United States, a large country, has spawned business corporations that transcend international boundaries—"multinationals." What is not generally known is that many smaller countries are rapidly following suit—they too are opening and expanding international operations for their own local firms. This book is the first organized effort by scholars to deal with non-American international corporations as a general phenomenon. Initially presented at a colloquium devoted to the subject held at MIT in January 1976, these seven essays bring to light the relatively unpublicized international activities of firms originating in a number of geographically and economically diverse smaller countries.

    • Hardcover $30.00
    • Paperback $30.00
  • The International Corporation

    A Symposium

    Charles P. Kindleberger

    This volume brings together papers by a distinguished group of scholars on various aspects of the international corporation: theoretical, financial, technological, legal, and political. The book also includes studies of three world industries – petroleum, automobile, and banking – and of three world regions where the international corporation has considerable predominance: Australia, Japan, and Latin America. These wide-ranging forays are brought to conclusion by a summary article on the future of the multinational enterprise, in which Raymond Vernon treats the theory of direct investment and attitudes of home and host countries. He recommends a harmonization of policies toward multinational corporations which would enable them to respond to economic signals related to scarcity rather than to differences in the artificial environment.

    The high quality of these papers, which were originally given at a symposium in the M.I.T. Sloan School of Management, merits their publication here; and a stimulus to further research and learning, the editor has made no attempt to eliminate overlap or contradictions. A number of the presentations are informal talks committed to paper, while others are scholarly research. The chapters in each of the six sections reflect individual points of view rather than a single mode of analysis complete with common glossary. Professor Kindleberger remarks that “Much of the contribution of the book consists of putting precisely and between a single set of covers the common intellectual coinage of the field of the international corporation as seen by economists, and to a lesser extent professors of management, practioners, and political scientists.”

    ContributorsCharles P. Kindleberger, Robert Z. Aliber, Harry G. Johnson, Stephen Hymer, Robert Rowthorn, H. David Willey, Eli Shapiro, Francis J. Deastlov, John H. Dunning, Seymour J. Rubin, Kenneth N. Waltz, M. A. Adelman, J. Wilner Sundelson, Julien-Pierre Koszul, Donald T. Brash, Carlos F. Díaz Alejandro, M. Y. Yoshino, and Raymond Vernon

    • Paperback $10.95
  • The International Corporation

    A Symposium

    Charles P. Kindleberger

    This volume brings together papers by a distinguished group of scholars on various aspects of the international corporation: theoretical, financial, technological, legal, and political. The book also includes studies of three world industries—petroleum, automobile, and banking—and of the three world regions where the international corporation has considerable predominance: Australia, Japan, and Latin America. These wide-ranging forays are brought to conclusion by a summary article on the future of multinational enterprise, in which Raymond Vernon treats the theory of direct investment and attitudes of home and host countries, He recommends a harmonization of policies toward multinational corporations which would enable them to respond to economic signals related to scarcity rather than to differences in the artificial environment.

    The high quality of these papers, which were originally given at a symposium in the M.I.T. Sloan School of Management, merits their publication here; and as a stimulus to further research and learning, the editor has made no attempt to eliminate overlap or contradictions. A number of the presentations. A number of the presentations are informal talks committed to paper, while others are scholarly research. The chapters in each of the six sections reflect individual points of view rather than a single mode of analysis complete with common glossary. Professor Kindleberger remarks, that “Much of the contribution of the book consists of putting precisely and between a single set of covers the common intellectual coinage of the field of the international corporation as seen by economists, and to a lesser extent professors of management, practitioners, and political scientists.”

    ContributorsCharles P. Kindleberger, Robert Z. Aliber, Harry G. Johnson, Stephen Hymer, Robert Rowthorn, H. David Willey, Eli Shapiro, Francis J. Deastlov, John H. Dunning, Seymour J. Rubin, Kenneth N. Waltz, M. A. Adelman, J. Wilner Sundelson, Julien-Pierre Koszul, Donald T. Brash, Carlos F. Díaz Alejandro, M. Y. Yoshino, Raymond Vernon

    • Hardcover $15.00
  • Europe and the Dollar

    Charles P. Kindleberger

    Europe and the Dollar brings together the contributions of two decades of professional reflection on the central themes of international finance between the developed countries: the dollar, European currencies, world liquidity, and balance-of-payments adjustments. Throughout this quarter century these essays have reflected certain consistent themes: the importance of supply; the need for international cooperation under any and all systems; the superiority of unwritten to formal constitutions in institutional machinery in a world of change with no consensus; the unimportance of the quantity of international liquidity. The papers and memoranda included in this book are arranged in reverse chronological order from 1965 to 1939, a period characterized in the late 1930's by a dollar shortage and at its ending in the mid-1960s with a dollar surfeit.

    A number of the papers have previously been translated for publication abroad, but will appear for the first time in English. Some have been published in symposia and are therefore difficult to access. Two of the latest papers have aroused considerable interest, if not controversy; they are on integration of capital markets in Europe, and on balance-of-payments definitions and the international market in liquidity. The latter represents a distinctive interpretation of the balance-of-payments deficit of the United States, at variance with official views in the United States and Europe, but which has been found highly suggestive by academic economists in that it applies the theory of financial intermediation developed by Gurley and Shaw for domestic markets to international financial transactions.

    These essays will be valuable to teachers and students of international finance as well as to all those involved in the world of finance: banks, central bankers, government treasuries, and, of course, all those already familiar with Kindleberger's writings.

    • Hardcover $12.50
    • Paperback $9.95