Biographical Dictionary of the United States Secretaries of the Treasury, 1789-1995

Front Cover
Bernard S. Katz, C. Daniel Vencill
Greenwood Publishing Group, 1996 - Business & Economics - 403 pages

Describing the men who have led the U.S. Treasury since its creation in 1789, this book profiles those who have held the cabinet position of Secretary of the Treasury from Alexander Hamilton to Robert Rubin. Each profile provides the reader with an understanding of the man, the problems he faced, and the contributions he made. While focusing on the economic policy problems of an era and the solutions the secretary offered, each profile also includes a vignette illustrating the secretary's personality and background. Some represent backgrounds of money and power, others backgrounds of simplicity and anonymity. Some came to the office with greater stature than when they left, while others made a significant mark on our nation's financial history.

Alexander Hamilton, the first Secretary of the Treasury, besides collecting and dispersing the public revenue, made the Treasury a prime agency for promoting the country's economic development and fiscal soundness. Since the Great Depression, the Treasury's regulatory functions have been articulated and elaborated. Working with the President's cabinet and with maximum statistical data, the secretaries have sought to analyze the economic outlook and to coordinate official actions, including policies to maintain a strong and stable U.S. dollar. The essays in this book, written by 24 authorities, illustrate how the Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies with general significance for the economy, and managing the public debt. The biographies illustrate continuing themes of fiscal management as our nation evolved over 200 stormy years of history. They also provide an intimate look at 69 individual secretaries, with stories and facts about their leadership, ideas, style, and administrative prowess, together with their personality and family lives.


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If you love the Secretary of the Treasury (the position, not necessarily the man) then you'll love this book. This book is organized like a dictionary (duh) with alphabetical entries for each SoT ... Read full review

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Page xiv - States, as may be by law required of him; to make report, and give information to either branch of the legislature, in person or in writing (as he may be required) , respecting all matters referred to him by the Senate or House of Representatives, or which shall appertain to his office; and generally to perform all such services relative to the finances, as he shall be directed to perform.
Page xv - US Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank.
Page xiv - Within the Office of Economic Policy, staff support is provided by the Office of Financial Analysis, the Office of Special Studies, the Office of Monetary Policy Analysis, and the Applied Econometric Staff.
Page xiv - Treasury to digest and prepare plans for the improvement and management of the revenue, and for the support of public credit...
Page xiv - As a major policy adviser to the President, the Secretary has primary responsibility for formulating and recommending domestic and international financial, economic, and tax policy; participating in the formulation of broad fiscal policies that have general significance for the economy; and managing the public debt. The Secretary also oversees the activities of the Department in carrying out its major law enforcement responsibility; in serving as the financial agent for the US Government; and in...
Page xvi - States, like individuals, who observe their engagements, are respected and trusted, while the reverse is the fate of those who pursue an opposite conduct.

About the author (1996)

BERNARD S. KATZ is Professor Emeritus of Economics, Lafayette College, Easton, Pennsylvania, and is currently Lecturer in Economics at San Francisco State University. He has written extensively on international economics, and is the editor or coeditor of nine additional volumes on economics.

DANIEL C. VENCILL is Professor of Economics and former department chair at San Francisco State University. His research and teaching interests are in the fields of monetary theory, macroeconomics, and the economics of crime. He has consulted for the U.S. government and has numerous publications in applied fields, such as forensic economics and labor market topics.

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