A monetary history of the United States, 1867-1960. Anna Jacobson Schwartz, Milton Friedman
ISBN: 0691041474,9780691041476 | 891 pages | 23 Mb
A monetary history of the United States, 1867-1960 Anna Jacobson Schwartz, Milton Friedman
- Telegraph Dominant Social Theme: Giant versus giant? In today's feature, he updates and re-examines conclusions he reached about the Great Depression in "A Monetary History of the United States, 1867-1960," a book published with Anna Schwartz 43 years ago. Princeton, N.J.: Princeton University Press. A Monetary History of the United States, 1867–1960. Shrinkage since a 7.3% annual drop of the broadest money supply measure in January 1934 (comparative data from Milton Friedman and Anna Jacobson Schwartz's A Monetary History of the United States, 1867-1960). Monetary History of the United States, 1867–1960, argue that the. Although both schools of thought are in agreement that the aggregate demand curve (i.e. A Monetary History of the United States, 1867-1960 by Milton Friedman and Anna J. Schwartz is surely one of the most important books in economic history, and indeed, in all of economics, written in the twentieth century. Economic history were generally marked by widespread bank runs as depositors lost confidence in large segments of the banking system.2 Such was the case in the Panics of 1837, 1857, 1873, 1893, and 1907. Renown economist Milton Friedman explained in detail in A Monetary History of the United States, that tightening monetary policy is a mistake when confronted with low inflation and high unemployment. They quote approvingly Bagehot's summary of how the. Milton Friedman and Anna Schwarz (1963), A Monetary History of the United States, 1867-1960 (Princeton: Princeton University Press). Federal Reserve's efforts during the Great Depression were inade- quate. Anna Schwartz co-authored with Milton Friedman The Monetary History of the US: 1867-1960. In his seminal book A Monetary History of the United States 1867-1960, co-authored with Anna Schwartz, he set out the theories of monetarism. Depositors withdrew funds and hoarded cash, .. His "A Monetary History of the United States 1867-1960" book in 1963). That led to their 1963 book, A Monetary History of the United States, 1867-1960.
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