Overview

The United States has had a tumultuous monetary and banking history. The bitter Bank War during Andrew Jackson’s presidency meant that the country never developed a central bank in the 1800s. The pre–Civil War monetary standard was deflationary until the fortuitous California gold discovery. Political turmoil erupted later in the nineteenth century over whether the government should freely coin silver. Meanwhile, Congress imposed a banking system that virtually drove bank reserves into stock market speculation. Even when the Federal Reserve was finally established in 1913, it was initially decentralized and unable to effectively respond to the Great Depression. From this narrative emerges a money supply increasingly managed by central banking authorities and increasingly nationalized with the end of the gold standard. Efficient Macro Concept: U.S. Monetary, Industrial, and Foreign Exchange Policies shows that the next step forward is a set of industrial and foreign exchange policy options for driving real growth in the economy. Stronger economic growth is possible through specialized institutions and transactions rooted in the tradition of central banking but flexible and compatible with free enterprise and balanced budgets.

Full Product Details

Author:   William Mannen
Publisher:   Lexington Books
Imprint:   Lexington Books
Dimensions:   Width: 15.80cm , Height: 2.20cm , Length: 23.70cm
Weight:   0.503kg
ISBN:  

9781498560023

ISBN 10:   1498560024
Pages:   208
Publication Date:   06 March 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Part I: The Money Supply in Historical Perspective Chapter 1: Beyond Monetary Policy Chapter 2: The Development of a Specie Standard Chapter 3: The U.S. Banks and Antebellum Panics Chapter 4: Greenbacks, Gold, and Silver Purchases Chapter 5: The National Banking System Chapter 6: Reform Proposals and Legislation Chapter 7: The Early Federal Reserve Chapter 8: The Great Depression Chapter 9: Postwar Adjustments Chapter 10: The Great Inflation Chapter 11: The Fiat Era Part II: Industrial and Foreign Exchange Policy Options Chapter 12: The Need for Efficiency Chapter 13: EDAS I Chapter 14: EDAS II Chapter 15: EDAS III Chapter 16: CNF Chapter 17: EDAS IV Chapter 18: ESF Chapter 19: Monetary Policy Outflow/Inflow Chapter 20: Market Stability Glossary Bibliography

Reviews

Mannen's Efficient Macro Concept is a provocative ramble through America's money and banking history as he makes an evolutionary case for a new monetary-industrial policy in a post-Federal Reserve System world.--Gary Clayton, Northern Kentucky University

Mannen's Efficient Macro Concept is a provocative ramble through America's money and banking history as he makes an evolutionary case for a new monetary-industrial policy in a post-Federal Reserve System world. -- Gary Clayton, Northern Kentucky University

Author Information

William Mannen is a lawyer with a JD from Washington University in St. Louis.

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