| Description |
1 online resource : text file, PDF |
| Series |
Routledge Studies in the History of Economics |
| Contents |
Cover; Half Title; Title Page; Copyright Page; Dedication; Contents; Preface; 1 Introduction; 1.1 Henry Simons; 1.2 The Chicago School; 1.3 Fiscal policy; 1.4 October 1929; 1.5 Money matters; 2 Libertarian Philosophy; 2.1 Liberalism; 2.2 Simons and Hayek; 2.3 Private property; 2.4 Impediments to competition; 2.5 Market failure; 2.6 Consensus; 2.7 Libertarian utopianism; 2.8 Libertarian paternalism; 3 Economics and the Chicago School; 3.1 Modern economics; 3.2 Economics and politics; 3.3 Credit: saving and bank finance; 3.4 Keynesâ#x80;#x99;s economics (interest rate determination) |
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3.5 Keynesâ#x80;#x99;s economics (the income multiplier)3.6 The Chicago tradition; 4 The Chicago Plan: the background; 4.1 The Federal Reserve; 4.2 A treasury and a central bank; 4.3 US monetary policy in the 1920s; 4.4 Complacency; 4.5 Unemployment and Keynes; 4.6 The Norman Wait Harris Foundation Conference; 4.7 The view from Harvard; 4.8 March 1933: Roosevelt takes office; 4.9 Appendix: the Harris Manifesto; 5 The Chicago eight, plus four, plus one; 5.1 Cox, Garfield (1893â#x80;#x93;1959); 5.2 Director, Aaron (1901â#x80;#x93;2004); 5.3 Douglas, Paul Howard (1892â#x80;#x93;1976); 5.4 Knight, Frank Hyneman (1885â#x80;#x93;1972) |
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5.5 Mints, Lloyd Winn (1888â#x80;#x93;1989)5.6 Schultz, Henry (1893â#x80;#x93;1938); 5.7 Simons, Henry Calvert (1899â#x80;#x93;1946); 5.8 Viner, Jacob (1892â#x80;#x93;1970); 5.9 Gideonse, Harry D. (1901â#x80;#x93;1985); 5.10 Millis, Harry Alvin (1873â#x80;#x93;1948); 5.11 Wright, Chester Whitney (1879â#x80;#x93;1966); 5.12 Yntema, Theodore Otte (1900â#x80;#x93;1985); 5.13 Soddy, Frederick (1877â#x80;#x93;1956); 6 The Chicago Plan; 6.1 US money and banking; 6.2 Fractional reserve banking; 6.3 The Plan; 6.4 A federal monetary authority; 6.5 The Plan: Lauchlin Currie; 6.6 The Plan: Irving Fisher; 6.7 The Plan: Maynard Keynes; 6.8 The Plan: Jacob Viner |
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6.9 The Plan: Milton Friedman6.10 Summary thoughts; 7 Monetary rules; 7.1 Monetary reform (1936); 7.2 The Great Depression; 7.3 Sovereign expenditure; 7.4 A significant divide; 7.5 Raise expenditure or cut taxation?; 7.6 Involuntary unemployment and make-work schemes; 7.7 The concept of fiscal monetarism; 7.8 Moneys, practical moneys and near moneys; 7.9 Concerns about Keynes; 7.10 A rules-based system; 7.11 Monetary reform (2015/2016); 8 Monetarism and Fiscal Monetarism; 8.1 Revolution in economics; 8.2 The quantity theory of money; 8.3 A Chicago monetary traditon; 8.4 Fiscal Monetarism |
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8.5 Ricardian equivalence8.6 The Treasury view; 8.7 Broad money and its credit counterparts; 9 Business, bankers and bubbles; 9.1 Mainstream economics; 9.2 Minsky moments; 9.3 The Great Moderation; 9.4 Monetary policy activism: interest rates; 9.5 Austrian business cycle theory; 9.6 Assets and investments; 9.7 Shadow banking; 10 Taxation; 10.1 Motivation; 10.2 Evolution, not revolution; 10.3 Equal sacrifice?; 10.4 Tracts for the times; 10.5 The base and the rates; 10.6 Reform; 10.7 Variable income; 10.8 Final thoughts; 11 Islamic banking and finance; 11.1 Central bank independence |
| Summary |
"Drawing on years of research, Gerald Steele delves into the diverse ideas of Henry Simons, a neglected economist whose work in the 1930s on monetary and financial instability is extremely relevant to today's debates about commercial bank credit, the interdependence of fiscal and monetary policy, and financial regulation. Steele describes the emergence of the first Chicago school of economics and its distinctive difference to the School subsequently associated with the Monetarism of Milton Friedman, and shows how Simons provides the basis for what is now referred to as 'the fiscal theory of the price level' and how this differs from the monetarist attempt to control prices by controlling the supply of broad money. This book will be of interest to advanced students and researchers of the history of economic thought, economic history, macroeconomics and banking and finance."--Provided by publisher |
| Subject |
Simons, Henry C. (Henry Calvert), 1899-1946.
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| SUBJECT |
Simons, Henry C. (Henry Calvert), 1899-1946 fast |
| Subject |
Chicago school of economics.
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Economists -- United States -- Biography
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Free enterprise.
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Monetary policy.
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Chicago school of economics
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Economists
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Free enterprise
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Monetary policy
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United States
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| Genre/Form |
Biographies
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| Form |
Electronic book
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| ISBN |
9781351062749 |
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1351062743 |
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