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"This book presents a history of bimetallic monetary Systems in Western economies and explains why bimetallic standards - rather than silver or gold standards - were in use from the time of Charlemagne until the nineteenth century. Professor Redish argues that token money was a necessary complement to a gold standard, but token money (a fortiori fiat money) needed technological and political expertise that were not in place until the nineteenth century....
Author
Description
Examines the green-back's history, allure, and unique role as a catalyst for globalization, and how the American buck became so almighty that $ became perhaps the most powerful symbol on earth. But will the buck be eclipsed by the euro or even China's renminbi? Should Americans worry when the value of the mighty U.S. dollar sinks to par with the Canadian "loonie"?--From publisher's description.
Author
Description
"Frederic Mishkin is not only an academic expert in the field but also has been a high-level policymaker. He is well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering published papers, new introductory material, and a summing up, "Everything You Wanted to Know about Monetary Policy Strategy,...
Author
Description
Keynes asked whether his 'visionary' ideas would overcome the interests opposed to change.
However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction.
The interests and ideas associated with government policies are seldom opposed.
The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book.
Professor Wood's new title examines...
Author
Description
The years 1920-1970 saw revolutionary change in the character of the monetary system as a consequence of depression, war, and finally prosperity. Against this background of change, Perry Mehrling tells a story of continuity around the crucial question of the role of money in American democracy, a question associated generally with the Progressive tradition and its legacy, and more particularly with the institutionalist tradition in American economic...
Author
Description
This classic study chronicles the revolution in fiscal policy that occurred in the United States between the administrations of Herbert Hoover and John F. Kennedy. Unforeseen by any economist or school of economists, this period witnessed the doctrine of balancing the budget give way to the principle of managing government expenditures and taxes to ensure stability and growth. With his characteristic wit and authority, the author vividly relates how...
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