...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...

...William P. Yohe Correspondence may be addressed to the author, Department of Economics, Duke University, Durham NC 27706. Copyright © 1990 by Duke University Press 1990 References Anderson , Clay J. 1965 . A half-century of Federal Reserve policymaking, 1914–1964...

...John D. McCallie Early Warnings of the Hazards of Federal Deposit Insurance at the Time of Its Inception John D. McCallie Introduction Beginning mainly with Robert Merton (1977; 1978), economists in re- cent times have repeatedly warned against the incentive hazards created...

... (supplement): 256 -84. Barber, William J. 1999 . “Sweet Are the Uses of Adversity”: Federal Patronage of the Arts in the Great Depression. In Economic Engagements with Art , edited by Neil De Marchi and Craufurd D. W. Goodwin. HOPE 31 (supplement): 235 -55. ———. 2002 . The Case for Governmental...

..., May 1965 . Wiltshire , K. Australian Public Administration . Melbourne, 1974 . History of Political Economy 13:3 o 1981 by Duke University Press Australia: economists in a federal system A. Petridis...

... , and Forbes Watson. 1936 . Art in Federal Buildings. Vol. 1. Mural Designs, 1934–1936 . Baltimore: John D. Lucas. Cahill , Holger . 1936 . New Horizons in American Art . New York: Museum of Modern Art. Cahill , Holger . 1957 . Reminiscences of Holger Cahill . New York: Columbia University...

...Lauchlin Currie; Martin Krost Copyright © 1978 by Duke University Press 1978 Federal income-increasing expenditures, 1932-1 935 Lauchlin Currie and Martin Krost (circa November 1935) Editorial Note In the first half of this memorandum (omitted here...

... him to resign in April 1947. He died a year later, of another heart attack, three days after his forceful HUAC speech declaring his “American creed.” [email protected] Harry White and the American Creed: How a Federal Bureaucrat Created the Modern Global Economy (and Failed...

... and the Treasury-Federal Reserve accord, 1951 Joseph L. Lucia The accord of March 1951 in the United States is heralded as the eman- cipation of the central bank from the Treasury. Little has been written, however, about the major characters of this drama. In this article, the role of Allan...

... and vitality of the issues Schumpeter raised over forty years ago con- cerning the compatibility of capitalist economic systems and democratic politics. University of Richmond J. PATRICKRAINES The politics and development of the federal income tax. By John F. Witte. Madi...

...Rob Roy McGregor; Warren Young In this essay, we focus on three district Federal Reserve Bank presidents who took on the role of public intellectual in the 1970s and early 1980s. They reflected their districts’ economic concerns, presenting them and their own views at the Federal Open Market...

...Michele Alacevich; Pier Francesco Asso We explore the foreign economic policy activities of Arthur I. Bloomfield, a prominent economist of the Federal Reserve Bank of New York in the 1940s and the 1950s. During the cold war, Bloomfield headed several missions to South East Asia, assisting local...

... monetary policies pushed in late-1929 and 1930 chiefly by Federal Reserve Board member Adolph Miller. These unforeseeable policies precipitated the crash and 972 Book Reviews subsequent depression resulting in the stock price deflation that invalidated Fisher s otherwise correct predictions. If so, he...

..., loosely organized and widely spread across the United States, the machine tax movement evolved from conversations among friends and letters to the editor in local newspapers to policy proposals at the federal level. The grassroots effort ultimately failed. In the context of the rise of Keynesian analysis...

..., 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...

...Neil De Marchi Craufurd Goodwin sought to capture key economic challenges to the post–World–War II US economy and the way they were addressed by bringing together small teams of relevant federal government officials, economists at select private foundations and university economists. This approach...

..., the role played by macroeconometric models has been little investigated. This article enlarges the perspective looking at the interactions between monetary economists outside and within the Federal Reserve System, through the building of the Fed-MIT-Penn large-scale econometric model, and the St. Louis...