Download e-book for iPad: A Monetary History of the United States, 1867-1960 (National by Milton Friedman,Anna Jacobson Schwartz

By Milton Friedman,Anna Jacobson Schwartz

ISBN-10: 0691003548

ISBN-13: 9780691003542

ISBN-10: 0691041474

ISBN-13: 9780691041476

Writing within the June 1965 factor of theEconomic Journal, Harry G. Johnson starts with a sentence possible calibrated to the size of the ebook he set himself to check: "The long-awaited financial heritage of the us via Friedman and Schwartz is in each experience of the time period a huge scholarly achievement--monumental in its sheer bulk, huge within the definitiveness of its remedy of innumerable concerns, huge and small . . . huge, especially, within the theoretical and statistical attempt and ingenuity which have been dropped at undergo at the resolution of advanced and sophisticated monetary issues."

Friedman and Schwartz marshaled substantial ancient information and sharp analytics to help the declare that financial policy--steady keep an eye on of the money supply--matters profoundly within the administration of the nation's economic climate, in particular in navigating severe monetary fluctuations. of their influential bankruptcy 7, The nice Contraction--which Princeton released in 1965 as a separate paperback--they handle the relevant monetary occasion of the century, the melancholy. in line with Hugh Rockoff, writing in January 1965: "If nice Depressions might be avoided via well timed activities via the financial authority (or through a financial rule), as Friedman and Schwartz had contended, then the case for marketplace economies used to be measurably stronger."

Milton Friedman received the Nobel Prize in Economics in 1976 for paintings regarding A financial History in addition to to his different Princeton college Press booklet, A conception of the intake Function (1957).

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A Monetary History of the United States, 1867-1960 (National Bureau of Economic Research Publications) by Milton Friedman,Anna Jacobson Schwartz

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