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Monetary History of the United States, 1867-1960

1867-1960

Writing in the June 1965 issue of the"Economic Journal," Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues."

Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, "The Great Contraction"--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger."

Milton Friedman won the Nobel Prize in Economics in 2000 for work related to "A Monetary History" as well as to his other Princeton University Press book, "A Theory of the Consumption Function" (1957).

Portrait
Milton Friedman, geboren 1912 in Brooklyn, erhielt 1976 für seine herausragenden Forschungen auf dem Gebiet der Geld- und Konsumtheorie den Wirtschafts-Nobelpreis. Friedman ist der prominenteste Theoretiker der Chicagoer Schule des Monetarismus, war Berater führender Politiker auf der ganzen Welt und ist auch heute noch ein gefragter Experte mit hoher Präsenz in deutschsprachigen Medien.
Zitat
"A monumental scholarly accomplishment... [sets] a new standard for the writing of monetary history."--The Economic Journal
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Einband Taschenbuch
Seitenzahl 888
Erscheinungsdatum 01.11.1971
Sprache Englisch
ISBN 978-0-691-00354-2
Verlag University Press Group Ltd
Maße (L/B/H) 230/148/40 mm
Gewicht 1225
Buch (Taschenbuch, Englisch)
69,99
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