with a new preface by Anna Jacobson Schwartz and a new introduction by Peter L. Bernstein ; [by] Milton Friedman and Anna Jacobson Schwartz.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Princeton :
Name of Publisher, Distributor, etc.
Princeton University Press,
Date of Publication, Distribution, etc.
c2008.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xxxii, 265 p. :
Other Physical Details
ill. ;
Dimensions
22 cm.
SERIES
Series Title
Princeton classic editions
GENERAL NOTES
Text of Note
"A study by the National Bureau of Economic Research."
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and indexes.
CONTENTS NOTE
Text of Note
New preface by Anna Jacobson Schwartz -- Introduction: the great contraction, seen from the perspective of 2007 by Peter L. Bernstein -- The great contraction 1929-1933 by Milton Friedman and Anna Jacobson Schwartz -- Remarks by Ben S. Bernanke -- Author Index -- Subject Index
0
SUMMARY OR ABSTRACT
Text of Note
"The original version of this book, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book 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. Published as a stand-alone paperback in 1965, the original version of this book argued that the Federal Reserve could have stemmed the severity of the Great Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide."--Back cover.