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:
“I was so grateful to be independent of the academic establishment. I thought, how awful it would be to have my future hinge on such people and such decisions.”
—Jane Jacobs (b. 1916)
“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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