The Great Contraction, 1929-1933: New Edition by Friedman, Milton
The Great Contraction, 1929-1933: New Edition by Friedman, Milton

The Great Contraction, 1929-1933: New Edition

Friedman and Schwartz's A Monetary History of the United States, 1867-1960, published in 1963, stands as one...
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SKU: 9780691137940
Product Type: Books
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Author: Milton Friedman
Format: Paperback
Language: English
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The Great Contraction, 1929-1933: New Edition by Friedman, Milton

The Great Contraction, 1929-1933: New Edition

$95.05
The Great Contraction, 1929-1933: New Edition by Friedman, Milton

The Great Contraction, 1929-1933: New Edition

$95.05
Author: Milton Friedman
Format: Paperback
Language: English
Description

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 It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision.

Author: Milton Friedman, Anna Jacobson Schwartz
Publisher: Princeton University Press
Published: 08/31/2008
Pages: 320
Binding Type: Paperback
Weight: 0.79lbs
Size: 8.58h x 5.54w x 0.74d
ISBN: 9780691137940

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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