Academic Legacy
The collapse of the Bretton Woods system led to the study in economics of credibility as a distinct field, and to the prominence of open macroeconomic models, such as the Mundell–Fleming model.
Read more about this topic: Bretton Woods System
Famous quotes containing the words academic and/or legacy:
“You know lots of criticism is written by characters who are very academic and think it is a sign you are worthless if you make jokes or kid or even clown. I wouldn’t kid Our Lord if he was on the cross. But I would attempt a joke with him if I ran into him chasing the money changers out of the temple.”
—Ernest Hemingway (1899–1961)
“What is popularly called fame is nothing but an empty name and a legacy from paganism.”
—Desiderius Erasmus (c. 1466–1536)
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