Product details
- ISBN 9781350574809
- Dimensions: 156 x 234mm
- Publication Date: 19 Feb 2026
- Publisher: Bloomsbury Publishing PLC
- Publication City/Country: GB
- Product Form: Hardback
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The Trump II administration's trade wars and framing of the dollar's reserve status have accelerated concerns about the sustainability of the current monetary and trade system. Against a backdrop of various disintegrative tendencies, this volume re-introduces the concept of International Clearing Union (ICU) and offers an important overview of critical approaches to the prevailing monetary system.
The ICU concept is closely associated with J. M. Keynes but has older origins, diverse sources of debate, and a high degree of contemporary relevance. In discussing the concept this volume examines key contemporary political issues including principles of fairness in trade and finance, de-dollarization, development, exchange rate policy, capital controls, as well as urgent issues of climate emergency and ecological breakdown. It provides perspectives from different disciplines and from the Global North and South and opens up debate regarding new global institutional possibilities.
The ebook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The Finnish Research Council.
Heikki Patomäki is Professor of World Politics and Global Political Economy at the University of Helsinki. His recent books are World Statehood (2023); Debating the War in Ukraine (with T.Forsberg, 2023), and The Three Fields of Global Political Economy (2022). He is a member of the Finnish Academy of Sciences and Letters and a Life Member of Clare Hall at the University of Cambridge.
Jamie Morgan is Professor of Economics at Leeds Beckett University. He co-edits the Real-World Economics Review with Edward Fullbrook. He has published widely in the fields of economics, political economy, philosophy, sociology and international politics.
