The Money Makers by Eric Rauchway

The Money Makers by Eric Rauchway

An absorbing narrative history showing how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status

New York Times Book Review "Rauchway tells this important story with passion, intelligence and style..The Money Makers is economic and diplomatic history of the first order. It tells a crucially important story about a central development in the world of economy, the emergence of the modern monetary system. And it tells this story with sensitivity to the economic, diplomatic and political environment. Anyone with even a passing interest in international economic affairs will benefit from reading this intelligent, timely and thoroughly accessible book. And perhaps today's policy makers--especially contemporary advocates of orthodox austerity sitting in Berlin--can learn something from the story Eric Rauchway tells so well." Wall Street Journal "A close-to-the-ground account of the political and intellectual forces that drove the decision. Mr. Rauchway's prose is lucid and unpretentious, and his explanations of technical monetary issues are smoothly integrated with the flow of the story." Douglas Irwin, Professor of Economics, Dartmouth College "If you think the Federal Reserve's quantitative easing after the Great Recession of 2009 was unusual and controversial, wait until you hear about what Franklin Roosevelt did in the 1930s. Eric Rauchway has given us a lucid and penetrating account of the monetary policies of the New Deal and how it helped to bring about economic recovery from the Great Depression." Brad DeLong, Professor of Economics, University of California, Berkeley "Eric Rauchway's The Money Makers is one of the very best books to read to understand our economy today. It tells the story of how Franklin Delano Roosevelt and the people who worked for him pragmatically--experimenting with institutional redesign, reinforcing success, dropping failure, focusing on what worked--refuted via action the ideologues of the left and the right who to this day condemn his New Deal as ineffective or destructive." Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley "Monetary policy got the United States into the Great Depression, but monetary policy also got it out. Eric Rauchway brings that tale alive by describing the adventures of two most unlikely monetary escape artists: Franklin Delano Roosevelt and John Maynard Keynes. The 1930s will never look the same." Economist "An excellent primer on Franklin Roosevelt's economics... Impressive. Mr Rauchway combines three things that you seldom see in economic-history books: sufficient attention to complexity; a solid grasp of the economics; and writing that is enjoyable to read. Barely a page goes by without some lovely detail... As an introduction to the economic debates taking place in London and Washington in the 1930s and 1940s, Mr Rauchway's work could not be bettered." Library Journal "Rauchway succinctly places [Bretton Woods] within its political and economic context... A useful, readable companion to Ed Conway's The Summit." Publishers Weekly "Rauchway's thoughtful, well-researched narrative history is a valuable contribution to economic history, with ample lessons for the current era." Kirkus "A compelling examination of a still-vilified monetary policy that has continued to show results in spite of conservative criticism."

Eric Rauchway is a historian at the University of California, Davis, and the author of numerous books on the Progressive and New Deal eras. He has written for the American Prospect, the Financial Times, and other publications, and lives in Davis, California.

SKU	Unavailable
ISBN 13	9780465049691
ISBN 10	0465049699
Title	The Money Makers
Author	Eric Rauchway
Condition	Unavailable
Binding Type	Hardback
Publisher	Basic Books
Year published	2015-10-27
Number of pages	336
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.