Read A Monetary History of the United States 1867-1960 Books

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Read Books A Monetary History of the United States 1867-1960 Online

Read Book A Monetary History of the United States 1867-1960 Online author by Milton Friedman. Read or Download A Monetary History of the United States 1867-1960 format paper in 888 and Published 21-11-1971 by Princeton University Press.

A Monetary History of the United States 1867-1960
by: Milton Friedman in paper, 888
Published 21-11-1971 by Princeton University Press

A Monetary History of the United States 1867-1960 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).

Reading A Monetary History of the United States 1867-1960 Online - a monetary history of the united states 1867 1960 by milton friedman and anna schwartz is an epic in economic literature the authors concisely analyze nearly 100 years of monetary history and prove why monetary economics matter - a monetary history of the united states 1867 1960 by milton friedman and anna schwartz is an epic in economic literature the authors concisely analyze nearly 100 years of monetary history and prove why monetary economics matter - founded in 1843 macmillan publishers is one of the largest global trade book publishers and home to numerous bestselling and award winning fiction nonfiction and childrens books from st martins press tor books farrar straus giroux henry holt picador flatiron books celadon books and macmillan audio - - - - - - - - - - - - - - - - -

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