Author | Milton Friedman, Anna Schwartz |
---|---|
Language | English |
Subject | Economic history |
Genre | History |
Published | 1963 Princeton University Press |
Publication place | United States |
Media type | Print (hardcover) |
Pages | 860 pp (first edition) |
OCLC | 258805 |
332.4973 | |
LC Class | HG538.F86 1963 |
A Monetary History of the United States, 1867–1960 is a book written in 1963 by Nobel Prize–winning economist Milton Friedman and Anna J. Schwartz. It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the U.S. economy, especially the behavior of economic fluctuations. The implication they draw is that changes in the money supply had unintended adverse effects, and that sound monetary policy is necessary for economic stability. Orthodox economic historians see it as one of the most influential economics books of the century.[1][2] The chapter dealing with the causes of the Great Depression was published as a stand-alone book titled The Great Contraction, 1929–1933.[3]
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