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| Michael D. Bordo | |
|---|---|
| Name | Michael D. Bordo |
| Birth date | 1942 |
| Birth place | Toronto, Ontario |
| Alma mater | University of Toronto, University of California, Los Angeles |
| Occupation | Economic historian, Professor |
| Employer | Rutgers University |
| Notable works | A Return to the Gold Standard?, The Gold Standard in Theory and History |
Michael D. Bordo is a Canadian-American economic historian known for work on monetary policy, international monetary systems, and financial crises. He has held faculty positions at Rutgers University and contributed to debates on the gold standard, central banking, and exchange rate regimes. Bordo's scholarship engages with historical episodes including the Great Depression, the Great Recession, and the International Monetary Fund era of the late 20th century.
Born in Toronto, Ontario, Bordo completed undergraduate studies at the University of Toronto before pursuing graduate work at the University of California, Los Angeles. At UCLA he studied under scholars influenced by Milton Friedman, Anna Schwartz, and Arthur F. Burns. His doctoral training connected him to research traditions at the National Bureau of Economic Research and the Reserve Bank of Australia through collaborative exchanges.
Bordo joined the faculty of Rutgers University and became associated with the NBER as a research associate. He has held visiting positions at institutions including the Bank of Canada, the Federal Reserve Bank of San Francisco, the London School of Economics, and the University of Cambridge. Bordo served on advisory panels for the Bank of England, the International Monetary Fund, and the World Bank, and he has lectured at the Harvard Kennedy School, Princeton University, Columbia University, and Yale University.
Bordo's research analyzes historical monetary regimes such as the Classical Gold Standard, the Interwar period, and the post-Bretton Woods system. He has written on the role of central banks like the Federal Reserve System and the Bank of England in shaping macroeconomic stability during episodes including the Great Depression and the 1970s oil shocks. His comparative studies incorporate case studies of countries such as United Kingdom, United States, Canada, Germany, France, Japan, Argentina, Chile, and Sweden. Bordo has engaged with theories advanced by John Maynard Keynes, Friedrich Hayek, Milton Friedman, Anna Schwartz, and Benoît Cœuré on exchange rate regimes, and he has debated advocates of flexible exchange rates and proponents of fixed exchange rate arrangements. Methodologically, he combines quantitative analysis using historical price data, interest rates, and balance of payments series with narrative institutional history drawing on archives from central banks, finance ministries, and the League of Nations; his work informs policy dialogues at the European Central Bank and among scholars at the American Economic Association.
Bordo has edited and authored several influential books and articles. Key works include The Gold Standard in Theory and History (coedited with Anna J. Schwartz), A Return to the Gold Standard?, and numerous articles in journals such as the Journal of Economic History, the Journal of Monetary Economics, and the Economic Journal. He has contributed chapters to volumes published by Cambridge University Press and Oxford University Press, and he has written policy pieces for the Brookings Institution, the Cato Institute, and the Centre for Economic Policy Research.
Bordo's scholarship has been recognized with fellowships and honors including association with the National Bureau of Economic Research, membership in editorial boards of journals like the Journal of Economic History, and visiting fellowships at the Institute for Advanced Study and the Hoover Institution. He has received research grants from foundations such as the National Science Foundation and acknowledgments from societies including the Economic History Association.
Bordo's influence extends across fields engaging historians and policymakers, shaping debates on the historical performance of the gold standard, the design of central banking frameworks, and the management of financial crises. His comparative historical approach has been cited by scholars working on the Great Depression, the Latin American debt crises, and the Asian Financial Crisis. Through students and collaborators at Rutgers University, the NBER, and institutions like the International Monetary Fund and Bank of England, his work continues to inform contemporary discussions about exchange rate stability, inflation targeting, and global monetary architecture.
Category:Living people Category:Economic historians Category:Canadian economists Category:Rutgers University faculty