9780691003542-0691003548-A Monetary History of the United States, 1867-1960

A Monetary History of the United States, 1867-1960

ISBN-13: 9780691003542
ISBN-10: 0691003548
Edition: First Princeton Paperback Printing
Author: Milton Friedman, Anna Jacobson Schwartz
Publication date: 1971
Publisher: Princeton University Press
Format: Paperback 888 pages
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ISBN-13: 9780691003542
ISBN-10: 0691003548
Edition: First Princeton Paperback Printing
Author: Milton Friedman, Anna Jacobson Schwartz
Publication date: 1971
Publisher: Princeton University Press
Format: Paperback 888 pages

Summary

A Monetary History of the United States, 1867-1960 (ISBN-13: 9780691003542 and ISBN-10: 0691003548), written by authors Milton Friedman, Anna Jacobson Schwartz, was published by Princeton University Press in 1971. With an overall rating of 4.0 stars, it's a notable title among other Economic History (Economics) books. You can easily purchase or rent A Monetary History of the United States, 1867-1960 (Paperback) from BooksRun, along with many other new and used Economic History books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $19.35.

Description

Writing in the June 1965 issue of theEconomic 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 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).

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