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by: Milton Friedman  List Price: $19.95 Amazon.com's Price: $17.95 You Save: $2.00 (10%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: PaperbackDewey Decimal Number: 332.4973 EAN: 9780691137940 ISBN: 0691137943 Label: Princeton University Press Manufacturer: Princeton University Press Number Of Items: 1 Number Of Pages: 320 Publication Date: August 31, 2008 Publisher: Princeton University Press Studio: Princeton University Press Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product 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 It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision. Average Rating:
 Rating:  - A classic study, but pertinent todayIt is somewhat a morose sense of timing that a new edition of this book just came out. The authors write what is probably the definitive study of the monetary factors behind the great depression, and hopefully, provide enough information to avoid a repeat. As should be evident by the subject, a highly technical book, even for someone with a background in economics, not light bedtime reading, but well worth reading for someone with an interest in the subject. Rating:  - A timely documentIn these days, in which we are discussing and fighting over the issue of the financial crisis, nothing is better than this chapter of Milton Friedman "Banking History" which reviews carefully and seriously the causes resulting in The Great Contraction 1929-1933, and sent the world into the greatest depression of modern times. Men who do not know history are bound to repete the errors of the past. We hope it will not happen due to Dr. Friedman excelente study 
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