5 results for "Economic History"

A monetary history of the United States, 1867-1960

Friedman, Milton
Writing 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 2000 for work related to "A Monetary History " as well as to his other Princeton University Press book, "A Theory of the Consumption Function" (1957). Review: "A monumental scholarly accomplishment... [sets] a new standard for the writing of monetary history.
Princeton University Press 1971 860 pages

American amnesia: how the war on government led us to forget what made America prosper

Hacker, Jacob S.,Pierson, Paul
In the past, government and business were as much partners as rivals, resulting in broad-based growth and healthy social development. But advocates of anti-government market fundamentalism are intent on scrapping the instrument of nearly a century of unprecedented economic and social progress. Hacker and Pierson examine why what's good for American business elites and what's good for Americans have become misaligned.
Simon & Schuster Paperbacks 2017-02-14 455 pages

The gifts of Athena

Mokyr, Joel
The growth of technological and scientific knowledge in the past two centuries has been the overriding dynamic element in the economic and social history of the world. Its result is now often called the knowledge economy. But what are the historical origins of this revolution and what have been its mechanisms? In The Gifts of Athena , Joel Mokyr constructs an original framework to analyze the concept of "useful" knowledge. He argues that the growth explosion in the modern West in the past two centuries was driven not just by the appearance of new technological ideas but also by the improved access to these ideas in society at large--as made possible by social networks comprising universities, publishers, professional sciences, and kindred institutions. Through a wealth of historical evidence set in clear and lively prose, he shows that changes in the intellectual and social environment and the institutional background in which knowledge was generated and disseminated brought about the Industrial Revolution, followed by sustained economic growth and continuing technological change. Mokyr draws a link between intellectual forces such as the European enlightenment and subsequent economic changes of the nineteenth century, and follows their development into the twentieth century. He further explores some of the key implications of the knowledge revolution. Among these is the rise and fall of the "factory system" as an organizing principle of modern economic organization. He analyzes the impact of this revolution on information technology and communications as well as on the public's state of health and the structure of households. By examining the social and political roots of resistance to new knowledge, Mokyr also links growth in knowledge to political economy and connects the economic history of technology to the New Institutional Economics. The Gifts of Athena provides crucial insights into a matter of fundamental concern to a range of disciplines including economics, economic history, political economy, the history of technology, and the history of science.
Princeton University Press 2002 359 pages

Imperial Russia's Jewish question, 1855-1881

Klier, John Doyle
The reform era in Russia (1855-1881) witnessed the emancipation of the serfs, economic and social change, the reform of all imperial institutions, and the growth of national identity among Russians and the Empire's expanding Jewish population. Consequently, the 'Jewish Question' became one of most hotly debated topics in Russia. Attitudes toward the Jews which evolved during this period persisted up to the Revolution and beyond. This book, based on exhaustive archival research of materials published during the period, studies the interplay of public opinion and official policy. The author examines the attitudes of all sectors of Russian educated society towards the Jews. He also explores how a new group, the Russian Jewish intelligentsia, sought to define a modern Jewish identity in the midst of a multi-ethnic Empire.
Cambridge University Press 1995 534 pages