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Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-1946

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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 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. 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.


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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 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. 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.

39 review for Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-1946

  1. 5 out of 5

    Sarah

    I'm only on chapter 7, but have found the Chase Banker's explanations of banks and credit illuminating.

  2. 4 out of 5

    Darius

    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 abstractio 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.

  3. 5 out of 5

    Will

    must read for anyone interested in economics and history

  4. 5 out of 5

    John

  5. 4 out of 5

    Patrick Peterson

  6. 4 out of 5

    Richard

  7. 5 out of 5

    John

  8. 4 out of 5

    Ben Anderson

  9. 5 out of 5

    Henri

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    Paul Vittay

  11. 5 out of 5

    Angrywoodchuck

  12. 4 out of 5

    Ararat Gocmen

  13. 4 out of 5

    Eric

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    David

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    Chris Pavese

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    Keith

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    Stephen

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    Marvin Jared

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    Ann

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    Collin

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    Blandiana

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    Kristi

  23. 4 out of 5

    Fred

  24. 5 out of 5

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    Channing Warlington

  26. 4 out of 5

    Keja

  27. 5 out of 5

    Ben

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    Erol Tamer

  29. 5 out of 5

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    Rúnar

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    Dale Ducatte

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    Marc Pugh

  34. 5 out of 5

    Nathan Byrd

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  36. 4 out of 5

    John Jay

  37. 4 out of 5

    Daniel

  38. 4 out of 5

    Haya

  39. 5 out of 5

    Greyweather

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