Download The Great Contraction, 1929-1933 AudioBook Free
Friedman and Schwartz's A Monetary History of the United States, 1867-1960, printed in 1963, stands as one of the most influential economics books of the twentieth hundred years. A landmark achievements, the reserve marshaled substantial historical data and sharp analytics to support the claim that economic policy--steady control of the money supply--matters profoundly in the management of the country's market, especially in navigating serious economic fluctuations. The chapter entitled "The Great Contraction, 1929-33" resolved the central economic event of the hundred years, the Great Major depression. Shared as a stand-alone paperback in 1965, The Great Contraction, 1929-1933 argued that the National Reserve might well have stemmed the severe nature of the Major depression, but didn't exercise its role of handling the economic system and ameliorating banking panics. The reserve offered as a clarion call to the monetarist approach by emphasizing the importance of the money source in the working of the economy--a theory that has come to see the activities of central banks worldwide.
This release of the original text includes a new preface by Anna Jacobson Schwartz, and a new launch by the economist Peter Bernstein. It also reprints feedback from the existing National Reserve chairman, Ben Bernanke, actually made on the occasion of Milton Friedman's 90th birthday, on the long lasting impact of Friedman and Schwartz's work and eyesight.
