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by James A. Dorn,Anna Jacobson Schwartz

eBook Search for Stable Money: Essays on Monetary Reform download ISBN: 0226158292
Author: James A. Dorn,Anna Jacobson Schwartz
Publisher: University of Chicago Press (July 1, 1987)
Language: English
Pages: 400
ePub: 1479 kb
Fb2: 1739 kb
Rating: 4.9
Other formats: azw lrf lrf mbr
Category: Work and Money
Subcategory: Economics

This 1987 book contains essays from a variety of economists, including James Buchanan, Anna . In an article co-written by Anna Schwartz, it is stated that any feedback rules that involve government manipulation of the private sector's forecast errors are "doomed to failure.

This 1987 book contains essays from a variety of economists, including James Buchanan, Anna Schwartz, Gottfried Haberler, Milton Friedman, Friedrich Hayek, and Fritz Machlup.

This 1987 book contains essays from a variety of economists, including James Buchanan, Anna Schwartz, Gottfried .

Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: A return to the gold standard (or silver standard or bimetallism).

This book talked about the transition from the gold standard.

Lists with This Book. This book is not yet featured on Listopia. This book talked about the transition from the gold standard. It was an excellent reminder of what people thought about debt and how much they had no idea. it's not possible to go further.

In M. Bordo (e. Money, History and International Finance: Essays in Honor of Anna J. Schwartz.

Chicago: University of Chicago Press. Interview Federal Reserve Bank of Minneapolis The Region. In M. Chicago: University of Chicago Press for the NBER. Federal Reserve Bank of Minneapolis The Region.

Examines the policies of the Federal Reserve, and recommends methods for reforming the monetary system and policies of the United States.

Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy-steady control of the money supply-matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction-which Princeton published in 1965 as a separate paperback-they address the central economic event of the century, the Depression.

Business Business & Investing Economics Money & Monetary Policy. More by James A. Dorn. Economic Liberties and the Judiciary. James A. Dorn, Henry G. Manne. Recently Viewed and Featured. Clones (Star Wars: Galaxy of Fear, Book 11).

Anna Jacobson SCHWARTZ, economist in the field of Economic Fluctuations; Stabilisation and Inflation; Domestic Monetary and Financial Theory and Institutions; Balance of Payments; International Finance. Phi Beta Kappa; Murray Fellow, Barnard College, 1934-1935; Member, Shadow Open Market Committee, since 1973. New York City, New York, United States of America. Instructor, Brooklyn College, 1952. Instructor, Baruch College, New York, 1959-1960.

Discover Book Depository's huge selection of Anna Jacobson Schwartz books online. Money in Historical Perspective. Anna Jacobson Schwartz. Free delivery worldwide on over 20 million titles.

Examines the policies of the Federal Reserve, and recommends methods for reforming the monetary system and policies of the United States
Comments: (2)
Kazijora
This is one of the best collection of essays I've read on the topic of stable money. The collection begins at the beginning of the argument for monetary policy. The author does an excellent job of showing both sides of the argument in a point, counter-point essay vs. essay sort of style.

The essays chosen are from some of the best very best names on the topic. Even though the copyright is from 1983, the articles are pertinent even today. Even more helpful to those of us too young to remember, the history that is told through the essays is far more detail than you usually receive in such a collection or work on the topic.

It was fascinating to realize that there was once a period when the main argument surrounding monetary policy dealt with national security (for Europe). Essays on German and Scottish perspectives were really unique perspectives.

The final essay "Toward a Free Market Monetary System" gives us a view of the time before the Euro and a reminder of what happens when there are so many currencies.

The early discussions on a "monetary constitution" are some of the better reads I've seen as a cautionary tail of the dangers of having the wrong people involved in managing/stabilizing money.

This book is rarely available on Amazon. I know because I had to replace it. If you're doing research on monetary policy, liquidity, or crisis, I would recommend this reading.
Lo◘Ve
This 1987 book contains essays from a variety of economists, including James Buchanan, Anna Schwartz, Gottfried Haberler, Milton Friedman, Friedrich Hayek, and Fritz Machlup. They are categorized as: The Erratic Nature of Federal Reserve Policy; Constitutional Monetary Reform; Monetarism and the Search for Stable Money; Monetary Policy and Gold; The Denationalization of Money; and The Future of Monetary Policy.

In the introductory "Historical Perspective" essay, the author notes that "Friedman's recognition of the public choice problems surrounding the implementation and maintenance of a simple money growth rule has led him to propose freezing the monetary base, in effect, abolishing monetary policy." He also observes that Hayek "also has altered his strategy for reforming the monetary regime." (Pg. 23)

Another essayist suggests that "Policymakers want to do the right thing! The problem lies in the absence of a set of consistent goals for monetary policy to achieve." Without such goals, it is "impossible" to reach consensus about the theory to use or a specific monetary target to seek; "Without these, it is uncharitable to demand accountability on the part of monetary policymakers." (Pg. 50)

In an article co-written by Anna Schwartz, it is stated that any feedback rules that involve government manipulation of the private sector's forecast errors are "doomed to failure. There is no information available to authorities that is not also available to the private sector." (Pg. 66)

Karl Brunner states that "we acknowledge the ultimate and permanent failure of monetarism, in the sense that policymakers will not constrain themselves by its principles." Monetarism has "little marketability politically" and "little persistent appeal to the intelligentsia," and thus little to offer any potential political constituency. (Pg. 195-196)

Another essayist asserts that a gold or other commodity standard "is extremely costly to operate unilaterally," since all the "shocks" that change the demand for the commodity affect prices and output in the country that maintains the standard. (Pg. 210)

In Friedman's essay, he proposes converting the Federal Reserve into "a bureau of the Treasury Department," which would end the "spectacle" of the Fed blaming the defects of fiscal policy while the Treasury blames monetary policy. "There would be a single locus of authority that could be held responsible." (Pg. 370-371)

These essays are thought-provoking, and sometimes surprising, and will be of continuing interest to students of monetary policy.