Coupon
The Midas Paradox : Financial Markets, Government Policy Shocks, and the Great Depression
by Scott Sumner


Overview - 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.  Read more...

 
Hardcover
  • $37.95

Add to Cart + Add to Wishlist

In Stock Online.

Free Shipping is not available for this item.
 
> Check In-Store Availability

In-Store pricing may vary

 
 
New & Used Marketplace 9 copies from $14.34
 
eBook
Retail Price: $19.99
$13.14

Add to Cart + Add to Wishlist

Download

This item is available only to U.S. and Canada billing addresses.
 
 
 

More About The Midas Paradox by Scott Sumner
 
 
 
Overview
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."

 
Details
  • ISBN-13: 9781598131505
  • ISBN-10: 1598131508
  • Publisher: Independent Institute
  • Publish Date: December 2015
  • Page Count: 528
  • Dimensions: 9.1 x 6.2 x 1.7 inches
  • Shipping Weight: 2.05 pounds


Related Categories

Books > Business & Economics > Economic Conditions
Books > Business & Economics > Economic History
Books > Business & Economics > Economics - Macroeconomics

 
BAM Customer Reviews