{"product_id":"a-monetary-history-of-the-milton-friedman-9780691003542","title":"A Monetary History of the United States, 1867-1960","description":"\u003cp\u003eWriting in the June 1965 issue of the\u003ci\u003eEconomic Journal\u003c\/i\u003e, 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.\" \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e 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, \u003ci\u003eThe Great Contraction\u003c\/i\u003e--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.\" \u003cp\u003e\u003c\/p\u003e Milton Friedman won the Nobel Prize in Economics in 1976 for work related to \u003ci\u003eA Monetary History\u003c\/i\u003e as well as to his other Princeton University Press book, \u003ci\u003eA Theory of the Consumption Function\u003c\/i\u003e (1957).\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Milton Friedman, Anna Jacobson Schwartz\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691003548\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691003542\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/21\/1971\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 888\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.70lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.04h x 6.03w x 1.58d","brand":"Milton Friedman","offers":[{"title":"Paperback","offer_id":44046508294399,"sku":"9780691003542","price":69.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_06216827-6a5a-4c9a-8140-d2681686a1a0.jpg?v=1684984947","url":"https:\/\/www.whiterainbookhouse.com\/products\/a-monetary-history-of-the-milton-friedman-9780691003542","provider":"WR Book House","version":"1.0","type":"link"}