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Money: Whence It Came, Where It Went
Click here to purchase from Kobo. About the Author John Kenneth Galbraith was one of the most influential economists of the twentieth century.
He was professor of economics at Harvard University and served as U. Free Returns We hope you are delighted with everything you buy from us.
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Upcoming SlideShare. Likewise, his chronicle of domestic banking pays tribute to the wildcat banks which, despite--or because of--shaky reserve assets, opened the West. He covers international developments from the establishment of the English central bank through the infamous Weimar inflation, the financing of the World Wars abroad, the rise of Keynes and the Bretton Woods agreement--but his eye is always on the ball which is the future of U.
Money: Whence It Came, Where It Went.
His six imperatives for our historically unique damned-if-you-do, damned-if-you-don't inflation cum recession gear an egalitarian getting and spending revised fiscal policy, wage and price controls, planning for resources, floating exchange rates to enlightened social policy. This is a quintessential liberal view of the evolution and status of capitalist institutions.
The existence of Marxian theory is dismissed as ""a less relevant menace"" than Keynes to the hegemony of old money. In a time of conservative backlash, Galbraith and ideas like his--that cupidity is the root of hard-money policy, that money is as real as its social use--are in exile from Washington if not the vest pocket of the university.
16 editions of this work
These compromise measures will be as scrupulously ignored in the first place as they will be avidly read in the second. For the lay reader, there is no more current, more judicious or more entertaining a perspective than Professor Galbraith's latest paper on the disposition of wealth within the free enterprise system.
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