Economics and the Public Welfare
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 peoples of the Western world suffered two world wars, two major and several minor international financial panics, an epidemic of currency devaluations and debt repudiations, civil wars, and revolutions. No period in history could serve better as a case study for the analysis of applied economic policy. No one could have been better situated to write that study than Benjamin M. show more Anderson. 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. Benjamin M. Anderson (1886-1949) was a scholar, historian, banker, financier, and economist. After receiving his Ph.D. in economics, philosophy, and sociology from Columbia University in 1911, he taught economics at Harvard University. In 1918, he entered banking as Economic Advisor to the National Bank of Commerce in New York, and later became an economist for the Chase Manhattan Bank and editor of the Chase Economic Bulletin. He also served as President of the Economists' National Committee on Monetary Policy. Arthur Kemp was Professor Emeritus of Economics at Claremont McKenna College. Please note: This title is available as an ebook for purchase on Amazon , Barnes and Noble , and iTunes . show lessTags
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Member Reviews
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.
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.
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Economics
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Common Knowledge
- Canonical title
- Economics and the Public Welfare
- Original publication date
- 1949
- Important events
- Great Depression
Classifications
Statistics
- Members
- 65
- Popularity
- 478,493
- Reviews
- 1
- Rating
- (4.10)
- Languages
- English
- Media
- Paper, Ebook
- ISBNs
- 4
- ASINs
- 3
