{"product_id":"the-midas-paradox-scott-sumner-9781598131505","title":"The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression","description":"\u003cb\u003eEconomic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eIn \u003ci\u003eThe Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression\u003c\/i\u003e, Sumner offers his magnum opus--the ?rst book to comprehensively explain both monetary and non-monetary causes of that cataclysm. \u003cp\u003e\u003c\/p\u003eDrawing on ?nancial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking--by central bankers, legislators, and two presidents--especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative, which continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThe Midas Paradox\u003c\/i\u003e is a landmark treatise that solves mysteries that have long perplexed economic historians and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's \u003ci\u003eA Monetary History of the United States, 1867-1960\u003c\/i\u003e, it is one of those rare books destined to shape future research and debate on the subject.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Scott Sumner\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1598131508\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781598131505\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Independent Institute\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/01\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 528\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.20w x 1.70d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 05\/01\/2016","brand":"Scott Sumner","offers":[{"title":"Hardcover","offer_id":48089360007423,"sku":"9781598131505","price":37.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_ed7cc034-cdd1-4ffa-a3c0-204866f986e1.jpg?v=1769109765","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-midas-paradox-scott-sumner-9781598131505","provider":"WR Book House","version":"1.0","type":"link"}