Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the b… - Robert Gilpin

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Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.

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About Robert Gilpin

Robert Gilpin (July 2, 1930 – June 20, 2018) was an American economist, and Professor Emeritus of Politics and International Affairs at the at , known for his contribution in the field of political economy and international relations, especially the effect of multinational corporations on state autonomy.

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These two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have become increasingly crucial to the character and dynamics of international relations in our world.

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