Published as a stand-alone paperback in , The Great Contraction, argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of . Friedman and his co-author argue that financial crisis exacerbated into a depression because and only because of the w It is a historical study of the Great Depression (contraction) which provided, at the time when it was published, a new account of the causal determinants of the depression/5. Published as a stand-alone paperback in , The Great Contraction, argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of Cited by: 3.
Pris: kr. pocket, Skickas inom vardagar. Köp boken The Great Contraction, av Milton Friedman, Schwartz Anna Jacobson (ISBN ) hos Adlibris. Fri frakt. Alltid bra priser och snabb leverans. | Adlibris. Introduction: The Great Contraction, Seen from the Perspective of by Peter L. Bernstein xiii The Great Contraction, by Milton Friedman and Anna Jacobson Schwartz 1 Remarks by Ben S. Bernanke Author Index Subject Index The great contraction, by Milton Friedman, , Princeton University Press edition, in English - [1st ed.].
Friedman and his co-author argue that financial crisis exacerbated into a depression because and only because of the w It is a historical study of the Great Depression (contraction) which provided, at the time when it was published, a new account of the causal determinants of the depression. The Great Contraction is economist Milton Friedman 's term for the recessionary period from until , i.e., the early years of the Great Depression. The phrase was the title of a chapter in the landmark book A Monetary History of the United States by Friedman and his fellow monetarist Anna Schwartz. As a result of examining more closely the key years between and , Friedman and Schwartz first concluded that the Great Depression was not the necessary and direct result of the stock-market crash of October , which they attribute to a speculative investment bubble.
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