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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 ...
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 ...
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 ...
- Milton Friedman, Anna Jacobson Schwartz
DATES: A Monetary History of the United States, 1867-1960 was published in 1963. Friedman and Schwarz’s book was preceded and followed by substantial work on monetary policy and monetaryhistory. CHICAGO: Milton Friedman is one of the best-known economists to have taught at University of Chicago. Anna Schwartz was Friedman’s co-author and ...
2. Sept. 2008 · 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 ...
in inflation.10 In the United States, using the budget for countercyclical purposes11 and attempting to exploit the supposed trade-off between inflation and unemployment eventually also created tension with the role of the dollar as the gold-pegged linchpin of the international monetary system.
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 man-agement of the nation’s economy, especially in navigating serious economic fluctuations. In their influential chapter , “The Great Contraction”—which ...
