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National Bureau of Economic Research Publications: Monetary History of the United States, 1867-1960 by Anna Jacobson Schwartz and Milton Friedman (1963, Hardcover)

Blount Co. Friends of the Library (12037)

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About this product

Product Identifiers

PublisherPrinceton University Press

ISBN-100691041474

ISBN-139780691041476

eBay Product ID (ePID)1013743

Product Key Features

Number of Pages888 Pages

LanguageEnglish

Publication NameMonetary History of the United States, 1867-1960

SubjectEconomic History, Economic Conditions

Publication Year1963

TypeTextbook

AuthorAnna Jacobson Schwartz, Milton Friedman

Subject AreaBusiness & Economics

SeriesNational Bureau of Economic Research Publications

FormatHardcover

Dimensions

Item Weight43.7 Oz

Item Length9.2 in

Item Width6.4 in

Additional Product Features

Intended AudienceCollege Audience

Reviews"A monumental scholarly accomplishment. . . . [sets] a new standard for the writing of monetary history." -- The Economic Journal, "A monumental scholarly accomplishment. . . . [sets] a new standard for the writing of monetary history."-- The Economic Journal, A monumental scholarly accomplishment. . . . [sets] a new standard for the writing of monetary history.

TitleLeadingA

Series Volume Number14

Dewey Decimal332.4973

SynopsisWriting 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 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).