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The Resource The Midas paradox : financial markets, government policy shocks, and the Great Depression, Scott Sumner

The Midas paradox : financial markets, government policy shocks, and the Great Depression, Scott Sumner

Label
The Midas paradox : financial markets, government policy shocks, and the Great Depression
Title
The Midas paradox
Title remainder
financial markets, government policy shocks, and the Great Depression
Statement of responsibility
Scott Sumner
Creator
Subject
Language
eng
Summary
Economic 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. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial 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 that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox 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 A Monetary History of the United States, 1867–1960, it is one of those rare books destined to shape all future research on the subject. --
Member of
Assigning source
provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Sumner, Scott B
Dewey number
330.9730917
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Independent studies in political economy
http://library.link/vocab/subjectName
  • Depressions
  • Monetary policy
  • United States
Label
The Midas paradox : financial markets, government policy shocks, and the Great Depression, Scott Sumner
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 469-484) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type MARC source
rdacontent
Contents
Introduction -- From the Wall Street crash to the first banking panic -- The German crisis of 1931 -- The "liquidity trap" of 1932 -- A foolproof plan for reflation -- The NIRA and the hidden depression -- The rubber dollar -- The demise of the gold bloc -- The gold panic of 1937 -- The midas curse and the Roosevelt depression -- The impact of the depression on twentieth-century macroeconomics -- Theoretical issues in modeling the Great Depression
Control code
ocn865543783
Dimensions
24 cm
Extent
xviii, 509 pages
Isbn
9781598131505
Isbn Type
(hardcover)
Lccn
2013043553
Media category
unmediated
Media MARC source
rdamedia
Other physical details
illustrations
System control number
(OCoLC)865543783
Label
The Midas paradox : financial markets, government policy shocks, and the Great Depression, Scott Sumner
Publication
Bibliography note
Includes bibliographical references (pages 469-484) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type MARC source
rdacontent
Contents
Introduction -- From the Wall Street crash to the first banking panic -- The German crisis of 1931 -- The "liquidity trap" of 1932 -- A foolproof plan for reflation -- The NIRA and the hidden depression -- The rubber dollar -- The demise of the gold bloc -- The gold panic of 1937 -- The midas curse and the Roosevelt depression -- The impact of the depression on twentieth-century macroeconomics -- Theoretical issues in modeling the Great Depression
Control code
ocn865543783
Dimensions
24 cm
Extent
xviii, 509 pages
Isbn
9781598131505
Isbn Type
(hardcover)
Lccn
2013043553
Media category
unmediated
Media MARC source
rdamedia
Other physical details
illustrations
System control number
(OCoLC)865543783

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