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Economics and the Public Welfare (1949)

by Benjamin M. Anderson

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In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the people of the western world suffered two world wars, two major and several minor international financial panics, and epidemic of currency devaluations and debt repudiations, civil wars and revolutions. From his vantage point as economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin, who participated in much of what he records, Dr Anderson here describes the climactic events of a turbulent era.… (more)
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Anderson worked for Chase Bank, and had a front seat while various financial events were unfolding. A one-time Roosevelt supporter, he was quickly disillusioned where FDR abandoned most of his campaign promises and started his radical experiments and undermining of the constitution.

As a practicing economist, Anderson does not have a "model" to push. This makes the book a bit more empiricist in approach than I would have liked, but better this than the other extreme of reality-detached abstraction. I consider this an essential book for anyone studying the Great Depression. This is not a light-weight book either, so skip it if all you want is an overview of causes. ( )
  realistTheorist | Sep 25, 2009 |
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In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the people of the western world suffered two world wars, two major and several minor international financial panics, and epidemic of currency devaluations and debt repudiations, civil wars and revolutions. From his vantage point as economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin, who participated in much of what he records, Dr Anderson here describes the climactic events of a turbulent era.

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Liberty Fund, Inc

2 editions of this book were published by Liberty Fund, Inc.

Editions: 0913966681, 091396669X

 

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