The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.

How were moral ideas and behaviour in ancient Athens formulated and made manifest? How did democratic Athens defuse the inevitable tensions that surface in society? In this work, Professor Herman argues that rather than endorse the Mediterranean ethic of retaliation, democratic Athens looked to the courts to dispense justice. Drawing on a method of analysis taken from the behavioural sciences, he describes the exceptional strategy of inter-personal relationships that the Athenian democrats developed to resolve conflict, to increase co-operation and to achieve collective objectives. In a departure, this work investigates moral ideas and behaviour alongside each other and expands the focus of the study to include all aspects of Athenian life, be it societal or economic. Highly illustrated throughout and interdisciplinary in approach, this work offers light on society and behaviour in ancient Athens, which might also serve as a model for similar ancient societies.