The Supply and Control of Money in the United States.
The Supply and Control of Money in the United States.
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Details
- Author
- Currie, Lauchlin.
- Languages
- Italian
Description
Cambridge, Harvard University Press, 1934. 8°, pp. XVI, 199,1, tela editoriale. Ottima copia, prima edizione.
His influential early work on monetary theory and policy. " In 1934, Currie constructed the first money supply and income velocity series for the United States. He blamed the government's "commercial loan theory" of banking for monetary tightening in mid-1929, when the economy was already declining, and then for its passivity during the next four years in the face of mass liquidations and bank failures. Instead, he advocated control of the money supply to stabilize income and expenditures." https://en.wikipedia.org/wiki/Lauchlin_Currie.