A Monetary History of the United States, 1867-1960

Business & Finance, Economics, Economic History
Cover of the book A Monetary History of the United States, 1867-1960 by Milton Friedman, Anna Jacobson Schwartz, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Milton Friedman, Anna Jacobson Schwartz ISBN: 9781400829330
Publisher: Princeton University Press Publication: September 2, 2008
Imprint: Princeton University Press Language: English
Author: Milton Friedman, Anna Jacobson Schwartz
ISBN: 9781400829330
Publisher: Princeton University Press
Publication: September 2, 2008
Imprint: Princeton University Press
Language: English

Writing in the June 1965 issue of theEconomic 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).

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Writing in the June 1965 issue of theEconomic 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).

More books from Princeton University Press

Cover of the book The Funeral Casino by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Questioning the Veil by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Mathematical Knowledge and the Interplay of Practices by Milton Friedman, Anna Jacobson Schwartz
Cover of the book The Plum in the Golden Vase or, Chin P'ing Mei by Milton Friedman, Anna Jacobson Schwartz
Cover of the book The Seducer's Diary by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Liberalism by Milton Friedman, Anna Jacobson Schwartz
Cover of the book A Fraught Embrace by Milton Friedman, Anna Jacobson Schwartz
Cover of the book The Collected Works of Spinoza, Volume II by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Roman Republics by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Pursuits of Wisdom by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Xunzi by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Classical Mathematical Logic by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Journeys to the Other Shore by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Uncouth Nation by Milton Friedman, Anna Jacobson Schwartz
Cover of the book Unceasing Strife, Unending Fear by Milton Friedman, Anna Jacobson Schwartz
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy