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Book
Adam Smith's America : how a Scottish philosopher became an icon of American capitalism
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ISBN: 9780691203812 9780691240879 0691240876 Year: 2022 Publisher: Princeton, N.J. : Princeton Univ. P.,

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Abstract

The unlikely story of how Americans canonized Adam Smith as the patron saint of free marketsOriginally published in 1776, Adam Smith's The Wealth of Nations was lauded by America's founders as a landmark work of Enlightenment thinking about national wealth, statecraft, and moral virtue. Today, Smith is one of the most influential icons of economic thought in America. Glory Liu traces how generations of Americans have read, reinterpreted, and weaponized Smith's ideas, revealing how his popular image as a champion of American-style capitalism and free markets is a historical invention. Drawing on a trove of illuminating archival materials, Liu tells the story of how an unassuming Scottish philosopher captured the American imagination and played a leading role in shaping American economic and political ideas. She shows how Smith became known as the father of political economy in the nineteenth century and was firmly associated with free trade, and how, in the aftermath of the Great Depression, the Chicago School of Economics transformed him into the preeminent theorist of self-interest and the miracle of free markets. Liu explores how a new generation of political theorists and public intellectuals has sought to recover Smith's original intentions and restore his reputation as a moral philosopher. Charting the enduring fascination that this humble philosopher from Scotland has held for American readers over more than two centuries, Adam Smith's America shows how Smith continues to be a vehicle for articulating perennial moral and political anxieties about modern capitalism.

Keywords

Philosophy. --- Economics --- Mental philosophy --- Humanities --- History. --- Smith, Adam, --- United States --- Economic policy --- Economic theory --- Political economy --- Social sciences --- Economic man --- Smith, Adam --- Economic policy. --- Economic conditions. --- A Monetary History of the United States. --- Ambivalence. --- American Capitalism. --- American Enlightenment. --- American System (economic plan). --- American Thinker. --- Anna Schwartz. --- Bruno Hildebrand. --- Buoy. --- Buton. --- Capitalism. --- Chicago school of economics. --- Christian Kabbalah. --- Constantine IV. --- Corippus. --- E. P. Thompson. --- Early modern period. --- Ecclesiastical Latin. --- Economics. --- Economist. --- Economy. --- Essay. --- Ethics. --- Family resemblance. --- Forgotten man. --- Francis Fukuyama. --- Frank Hahn. --- Fraud. --- Free trade. --- Friedrich List. --- Fritz Saxl. --- Gilded Age. --- Greek fire. --- Historical figure. --- Hypothesis. --- Ideology. --- International trade. --- Interpersonal relationship. --- Invisible hand. --- Isaac Casaubon. --- Jacob Viner. --- James Tassie. --- Jewish history. --- Jewish studies. --- John Bates Clark. --- John Maynard Keynes. --- Kanji. --- Labor theory of value. --- Laissez-faire. --- Lateran. --- Learning. --- Lecture. --- Liberty Fund. --- Lifestyle (sociology). --- Lighting. --- Lionel Robbins. --- Marquis de Condorcet. --- Mercantilism. --- Michael Burawoy. --- Michael Freeden. --- Michael Polanyi. --- Milton Friedman. --- Moral economy. --- Muslim world. --- Neoliberalism. --- Occupy movement. --- Opportunity cost. --- Persuasion. --- Physiocracy. --- Policy advocacy. --- Political economy. --- Politics. --- Progress and Poverty. --- Propaganda. --- Protectionism. --- Raymond Geuss. --- Re-Define. --- Retirement. --- Richard T. Ely. --- Robert Nozick. --- Roman Law. --- Ronald L. Meek. --- Scottish Enlightenment. --- Self-interest. --- Sexual desire. --- Social phenomenon. --- Suggestion. --- Tariff of 1824. --- Tariff. --- The Philosopher. --- The Price of Admission. --- The Road to Serfdom. --- The Theory of Moral Sentiments. --- The Wealth of Nations. --- Thomas Robert Malthus. --- Treatise. --- Utilitarianism. --- Wealth. --- Whiggism. --- Willibald.


Book
A monetary and fiscal history of the United States, 1961-2021
Author:
ISBN: 0691238391 0691238383 9780691238388 9780691238395 Year: 2022 Publisher: Princeton, N. J. : Princeton University Press,

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"For many, the most authoritative history of US economic policy is told by Milton Friedman and Anna Schwartz, in their 1963 PUP book, A Monetary History of the United States, 1867-1960, as well as Alan Meltzer's multi-volume history of the Federal Reserve, published in 2003 and 2010. Both works were written by economists marshalling historical data to make an argument about what type of economic policy works best. Friedman and Schwartz's book led to the rise of monetarism, the idea that virtually the only thing governments can or should do when it comes to the economy is determine how much money to put in it. If there aren't enough jobs, for example, just put more money in the economy through bank lending, and businesses will hire more. There's no need for the government, the theory holds, to stimulate spending from the bottom up or encourage hiring or improve wages through any other means. These days, the concept of monetarism, though still a predominant policy framework, is seen by many as a very particular and narrow viewpoint, but there's no authoritative book on the level of Friedman and Schwartz that sets the record straight. In A Monetary and Fiscal History of the United States, 1961-2021, economist Alan Blinder lays out the history of US economic policy since Friedman and Schwartz, through the wider lens of the interaction between monetary and fiscal policy. He shows, decade by decade, that a powerful influence that the government has on the economy is not just through how much money it puts in it (monetary policy) but through decisions on how money is spent (fiscal policy). In this book Alan Blinder shifts the narrative dominance from monetarism and interest rates to a shared influence of monetary and fiscal policy, and he shows how the government has long been using various policies to stimulate spending, ranging from tax breaks and credits to direct checks to citizens. He does this from an insider's perspective, offering an authoritative history of US economic policy from Kennedy to COVID"--

Keywords

BUSINESS & ECONOMICS / Economic History. --- United States --- Economic policy --- Fiscal policy --- Monetary policy --- Monetary management --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- History --- Government policy --- 1900-2099 --- Money. Monetary policy --- Business cycles --- anno 1900-1999 --- anno 2000-2009 --- anno 2010-2019 --- anno 2020-2029 --- United States of America --- A Monetary History of the United States. --- American Recovery and Reinvestment Act of 2009. --- Balanced Budget Act of 1997. --- Bank War. --- Bank of America. --- Basis Point. --- Ben Bernanke. --- Bureau of Economic Analysis. --- Bush tax cuts. --- Capital Purchase Program. --- Central bank. --- Chair of the Federal Reserve. --- Clintonism. --- Commission on Money and Credit. --- Core inflation. --- Council of Economic Advisers. --- Credit (finance). --- Credit crunch. --- Crowding out (economics). --- Dodd–Frank Wall Street Reform and Consumer Protection Act. --- Economic Outlook (OECD publication). --- Economic Report of the President. --- Economic Stimulus Act of 2008. --- Economic history of the United States. --- Economics. --- Economist. --- Economy of the United States. --- Emergency Economic Stabilization Act of 2008. --- Federal Open Market Committee. --- Federal Reserve Board of Governors. --- Federal Savings and Loan Insurance Corporation. --- Federal funds rate. --- Financial Crisis Inquiry Commission. --- Financial crisis of 2007–08. --- Financial crisis. --- Fiscal policy. --- Fiscal theory of the price level. --- Generally Accepted Accounting Principles (United States). --- Government budget balance. --- Government debt. --- Income tax in the United States. --- Inflation. --- Interest rate. --- International Monetary Fund. --- Jimmy Carter. --- John Maynard Keynes. --- Keynesian Revolution. --- Keynesian economics. --- Lehman Brothers. --- Macroeconomics. --- Milton Friedman. --- Monetarism. --- Monetary policy. --- Money market fund. --- National Bureau of Economic Research. --- National Commission on Fiscal Responsibility and Reform. --- National debt of the United States. --- Net interest margin. --- New classical macroeconomics. --- North American Free Trade Agreement. --- Phillips curve. --- Presidency of Bill Clinton. --- Reagan tax cuts. --- Real versus nominal value (economics). --- Recession. --- Savings and loan crisis. --- Seasonally adjusted annual rate. --- Supply-side economics. --- Tax Policy Center. --- Tax Reform Act of 1986. --- Tax cut. --- Tax reform. --- Tax. --- Treasury Bill. --- Treasury Offering. --- Treasury Yield. --- Troubled Asset Relief Program. --- Unemployment. --- United States Secretary of the Treasury. --- United States Treasury security. --- United States debt ceiling. --- United States dollar. --- United States federal budget. --- We are all Keynesians now. --- Whip inflation now.

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