TY - BOOK ID - 27157206 TI - A monetary history of the United States 1867 - 1960. AU - Friedman, Milton AU - Schwartz, Anna Jacobson PY - 1971 VL - 12 SN - 0691041474 0691003548 9786612935565 1282935569 140082933X 9781400829330 9780691003542 9780691041476 PB - Princeton Princeton university press DB - UniCat KW - 336.7 KW - 336.7 Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen KW - Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen KW - Monetary policy KW - Currency question KW - Money KW - Fiat money KW - Free coinage KW - Monetary question KW - Scrip KW - Currency crises KW - Finance KW - Finance, Public KW - Legal tender KW - History. KW - theorie monetaire KW - histoire economique KW - eua KW - monetaire theorie KW - economische geschiedenis KW - vsa KW - History KW - United States KW - Money - United States - History KW - Currency question - United States - History KW - Monetary policy - United States - History KW - Monnaie KW - Politique monétaire KW - Question monétaire KW - Histoire. UR - https://www.unicat.be/uniCat?func=search&query=sysid:27157206 AB - Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." 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. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957). ER -