Search results
Results From The WOW.Com Content Network
His analysis used two rates: the market interest rate, determined by the banking system, and the real or "natural" interest rate, determined by the rate of return on capital. [20] In Wicksell's theory, cumulative inflation will occur when technical innovation causes the natural rate to rise or when the banking system allows the market rate to fall.
A Monetary History of the United States, 1867–1960 is a book written in 1963 by future Nobel Prize-winning economist Milton Friedman and Anna Schwartz.It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the United States economy, especially the behavior of economic fluctuations.
White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason University he held a position as F. A. Hayek Professor of Economic History with the University of Missouri–St. Louis Economics department from 2000 to 2009, teaching American Economic History, Monetary Theory, and Money and Banking.
Mason, David L. From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 (Cambridge University Press, 2004). Meltzer, Allan H. A History of the Federal Reserve (2 vol. U of Chicago Press, 2010). Murphy, Sharon Ann. Other People's Money: How Banking Worked in the Early American Republic (2017 ...
The swinging 1960s could help to unpack a key puzzle of our current era: America's funky economic mood. Why the 1960s can help us understand our confusing economic mood [Video] Skip to main content
Examples: First Bank of the United States, Second Bank of the United States, and National Banking Act. [ 18 ] Henry C. Carey , a leading American economist and adviser to Abraham Lincoln , in his book Harmony of Interests , displays two additional points of this American School economic philosophy that distinguishes it from the systems of Adam ...
The French Revolutionary and Napoleonic Wars from 1793 to 1814 caused withdrawal of most foreign shipping from the U.S., leaving trade in the Caribbean and Latin America at risk for the seizure of American merchant ships by France and Britain. This led to Jefferson's Embargo Act of 1807 which prohibited most foreign trade. [57]
That trend "we think will bode well for the balance of the year," Citigroup CFO Mark Mason said Tuesday at a Bank of America Securities conference. Big banks have been waiting two years for M&A to ...