Money in Historical Perspective
Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible.
In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard.
This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Beginning of Competitive Banking
Money and Business Cycles 1963
Secular Price Change in Historical
Understanding 19291933 1981
A Century of British Market Interest Rates
Real and PseudoFinancial Crises 1986
Has Government Any Role
Other editions - View all
adjustment average Bank of North Bank of Pennsylvania behavior Bretton Woods Bretton Woods system business cycles capital central bank century change in money coefficient coins commercial paper contraction correlation countries currency cyclical decline deflation demand for money dollar economic activity elasticity episodes equation estimates evidence exchange rates Federal Reserve System fixed exchange rates fluctuations foreign exchange foreign exchange markets Friedman gold standard growth rate high-powered money increase inflation interest rates issue lag pattern loans long-run Milton Friedman monetary base monetary change monetary growth monetary policy money balances money demand money stock money supply movements nominal assets output panic payments peak percent percentage period price change price level price of gold produced quantity of money quarter rate of change ratio regression relative result role short-run short-term stability standard deviation statistical stock of money Temin Treasury trend trough United variable velocity yields