Rare and modern books
Currie, Lauchlin.
The Supply and Control of Money in the United States.
50.00 €
Cellerino Luigi Studio Bibliografico
(Alessandria, Italy)
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Description
His influential early work on monetary theory and policy. " In 1934, Currie constructed the first money supply and income velocity series for the United States. He blamed the government's "commercial loan theory" of banking for monetary tightening in mid-1929, when the economy was already declining, and then for its passivity during the next four years in the face of mass liquidations and bank failures. Instead, he advocated control of the money supply to stabilize income and expenditures." https://en.wikipedia.org/wiki/Lauchlin_Currie.