The Great Contraction, 1929-1933 (Princeton Classic Editions)

 
9780691137940: The Great Contraction, 1929-1933 (Princeton Classic Editions)


Friedman and Schwartz's A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book 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. The chapter entitled "The Great Contraction, 1929-33" addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide.


This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision.


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About the Author:

Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Anna Jacobson Schwartz is a research associate at the National Bureau of Economic Research, which she joined in 1941. She is a Distinguished Fellow of the American Economic Association and a Fellow of the American Academy of Arts and Sciences. During her distinguished career, she has made major contributions to the economics of business cycles, banking, monetary policy, and financial regulation.

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Friedman, Milton; Schwartz, Anna Jacobson
Published by Princeton University Press (2008)
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Book Description Princeton University Press, 2008. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: New Preface by Anna Jacobson Schwartz ix Introduction: The Great Contraction, Seen from the Perspective of 2007 by Peter L. Bernstein xiii The Great Contraction, 1929-1933 by Milton Friedman and Anna Jacobson Schwartz 1 Remarks by Ben S. Bernanke 227 Author Index 251 Subject Index 253. Bookseller Inventory # ABE_book_new_0691137943

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Book Description Princeton University Press, Princeton, New Jersey, 2008. Soft cover. Book Condition: New. Re-issue. 5.5x8.5. Princeton re-issue of book published in 1963 by the National Bureau of Economic Research. Includes New Preface by Anna Jacobson Schwartz and a New Introduction by Peter L. Bernstein. An analysis of the Great Depression from a free market & monetarist perspective. Useful background as we watch the government try to deal with the current crisis. xxxii+265 pages, charts, name index, subject index. Published @ $19.95. Bookseller Inventory # 14469

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Book Description Princeton University Press, United States, 2016. Paperback. Book Condition: New. Revised edition. 213 x 137 mm. Language: English . Brand New Book. Friedman and Schwartz s A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book 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. The chapter entitled The Great Contraction, 1929-33 addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide. This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman s 90th birthday, on the enduring influence of Friedman and Schwartz s work and vision. Bookseller Inventory # AAH9780691137940

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Book Description Princeton University Press, United States, 2016. Paperback. Book Condition: New. Revised edition. 213 x 137 mm. Language: English . Brand New Book. Friedman and Schwartz s A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book 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. The chapter entitled The Great Contraction, 1929-33 addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide. This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman s 90th birthday, on the enduring influence of Friedman and Schwartz s work and vision. Bookseller Inventory # AAH9780691137940

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