The Midas Paradox by Scott B Sumner

The Midas Paradox by Scott B Sumner

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.

Scott B. Sumner is Professor of Economics at Bentley University, USA. He received his Ph.D. in economics from the University of Chicago and he edits the influential blog ""The Money Illusion."" In 2012, the Chronicle of Higher Education referred to Sumner as ""among the most influential"" economist bloggers, along with N. Gregory Mankiw of Harvard University and Paul Krugman of Princeton University. In 2012, Foreign Policy ranked Sumner jointly with Federal Reserve Chairman Ben Bernanke 15th on its list of ""100 Top Global Thinkers."" Professor Sumner is a contributor to numerous scholarly volumes, and his articles and reviews have appeared in such journals as the Journal of Political Economy; Business and Society Review; Journal of Policy Modeling; and Economic Inquiry.

SKU	Non disponible
ISBN 13	9781598131505
ISBN 10	1598131508
Titre	The Midas Paradox
Auteur	Scott B Sumner
État	Non disponible
Éditeur	Independent Institute,U.S.
Année de publication	2015-12-01
Nombre de pages	560
Note de couverture	La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note	Non disponible