...Judge Glock Histories of the Federal Reserve have argued that up through the Great Depression it adhered to a “real bills” or “Riefler Burgess” conception of monetary policy, which caused it to focus on short-term borrowing as an indicator of the stance of monetary policy. This article argues...

... Depression revisited. Edited by Karl Brunner. Boston: Kluwer-Nijhoff, 1981, Pp. 360, $25. In March 1978 a conference at the University of Rochester explored the major issues of the Great Depression: the causes of the contraction, the slowness of the recovery, and the subsequent effects...

...Thomas F. Cargill History of Political Economy 11:3 (C 1979 by Duke University Press Clark Warburton and the development of monetarism since the Great Depression Thomas F. Cargill, University of Nevada...

... of the Rate of Interest on Prices. Economic Journal 17 (June): 213 -20. Money Supply Theory and the Great Depression: What Did the Fed Know? Elmus Wicker A key chapter in the history of money supply theory is missing: the evo- lution of the role of the currency-deposit ratio as a determinant...

... could well have rendered it “hu- man sympathy.” These ideas were transmitted through Aristotle and Polybius. S. Todd Lowry, Washington and Lee University Reflections on the Great Depression. By Randall E. Parker. Cheltenham, U.K.: Edward Elgar, 2002. xii; 230...

... rarely a true vocation. Lindenfeld’s book will stand as a tremendous contribution, so long as that caveat is kept in mind. Heath Pearson, University of California at Berkeley Monetary Interpretations of the Great Depression. By Frank G. Steindl. Ann Arbor...

...Roger E. Backhouse In the early 1930s American economists widely attributed the catastrophe of the Great Depression to concentration of income and wealth and the consequent concentration of market power, which interfered with the proper working of markets. Alongside this, there developed another...

... the Great Depression. Although they were divided into several groups that were in sharp disagreement on most scientific and policy issues, French economists were almost united in their lack of support for anticartel policy. The liberal economists' opposition stemmed from their general hostility...

... of the Arts in the Great Depression William J. Barber Sweet are the uses of adversity, Which, like the toad, ugly and venomous, Wears yet a precious jewel in his head...

...William R. Allen Copyright © 1977 by Duke University Press 1977 Irving Fisher, F. D. R., and the Great Depression William R. Allen I am naturally a theorist. I love theorizing. But I’m always leery about it. . . . the evidence has seemed to me to point...

... the threat of the Nazi regime). The book is divided into four parts. The first part, titled “Theory and Policy around the Great Depression,” comprises four chapters. Chapter 1 deals with Knut Wicksell, discussing, in particular, whether or not Wicksell was a “Quantity Theorist,” his famous “cumulative...

... History of Political Economy 22: 1 0 1990 by Duke University Press CCC 00 18-2702/90/$1.50 Marxian economists and the Great Depression M.C. Howard and J. E. King I. Introduction The Great...

... Department of the Bank of Spain, applied the theory of disposable funds to interpret a wide range of economic, monetary, and financial events in a series of reports that he drafted for advising the board of the bank during the period 1932–36, in the midst of the Great Depression. Correspondence may...

...Vincent Carret [email protected] Leonid Hurwicz: Intelligent Designer; How War and the Great Depression Inspired a Nobel Economist . By Michael Hurwicz . Boston : Academic Studies Press , 2023 . xvi; 221 pp. $119.00 hardback; $25.00 paperback. Copyright 2025...

...Roger E. Backhouse The Great Persuasion: Reinventing Free Markets since the Depression . By Burgin Angus . Cambridge, Mass. : Harvard University Press , 2012 . x ; 303 pp. Hardcover $29.95 . Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics...

...George S. Tavlas Abstract Milton Friedman claimed that Jacob Viner's views in the early 1930s on (a) the monetary origins of the Great Depression and (b) the need of expansionary open-market operations established a linkage between the 1930s Chicago monetary tradition and Friedman's monetarist...

...Gregory R. Woirol Despite lack of support from professional economists, the idea of a tax on labor-saving machinery as a policy to help displaced workers had widespread popular appeal in the US throughout the Great Depression of the 1930s. A response to concerns about technological unemployment...

..., the Chicagoans advocated the use of the federal government’s fiscal operations to conduct monetary policy—entailing an expansion of the size of the Fed’s balance sheet—to combat the Great Depression, the abandonment of the gold standard in favor of exchange-rate flexibility, one-hundred- percent reserve...

...Ann Mari May; Robert W. Dimand We use the archives of the American Economic Association to examine the participation of women in the association from its foundation in 1885 to the Great Depression. Women participated actively in the formation of the association, contributed several monographs...

... likened the problem of reinstating the gold standard to “belling the cat” in Aesop’s fable. When the international gold standard crumbled in the Great Depression, he supported the Swedish price-stabilization regime as a temporary system. Heckscher was an early discoverer of the time-consistency problem...