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Promoting Unorthodox Money Doctoring: Arthur Bloomfield and the West Indian Federation

Brendan Brundage & Guy Numa

History of Political Economy2025https://doi.org/10.1215/00182702-12213449article
AJG 2ABDC A
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0.50

Abstract

Money doctors played a crucial role in establishing and advising central banks in underdeveloped countries in the twentieth century. However, the Bretton Woods order transformed the doctors’ prescriptions after the Second World War. Arthur Bloomfield was a part of this “new generation” who attempted to equip central banks with wide-ranging policy tools in contrast to the rigid instruments proposed by the previous generation of experts. Bloomfield's assignment to the British West Indies in 1960–61 is an example of the change in vision of US foreign monetary policy. A significant characteristic of the new tradition was to let the environment of the country or region determine the exact approach of central banking. Therefore, the political and economic conditions of the West Indies, and the efforts to achieve regional integration and gain independence, were a principal consideration for Bloomfield and his advice for the region.

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https://doi.org/https://doi.org/10.1215/00182702-12213449

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@article{brendan2025,
  title        = {{Promoting Unorthodox Money Doctoring: Arthur Bloomfield and the West Indian Federation}},
  author       = {Brendan Brundage & Guy Numa},
  journal      = {History of Political Economy},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1215/00182702-12213449},
}

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Promoting Unorthodox Money Doctoring: Arthur Bloomfield and the West Indian Federation

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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