{"product_id":"the-great-contraction-1929-1933-new-edition-9780691137940","title":"The Great Contraction, 1929-1933: New Edition","description":"\u003cp\u003e\u003cb\u003e\"The leading and most persuasive explanation of the worst economic disaster in American history, the onset of the Great Depression.\"--Ben S. Bernanke, Nobel Prize-winning economist and former chair of the U.S. Federal Reserve\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eNobel Prize-winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz's landmark reinterpretation of the Great Depression\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eMilton Friedman and Anna Jacobson Schwartz's \u003ci\u003eA Monetary History of the United States, 1867-1960\u003c\/i\u003e is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. Perhaps no other chapter of this monumental book had a greater impact than \"The Great Contraction, 1929-33,\" which offered a fundamental reinterpretation of the central economic event of the twentieth century--the Great Depression. \u003ci\u003eThe Great Contraction, 1929-1933\u003c\/i\u003e presents that chapter, which runs to more than 200 pages, as a stand-alone book, in an edition that also features a new preface by Anna Jacobson Schwartz and a new introduction by the economist Peter Bernstein, both of which place the work and its lasting impact in context. In addition, the book includes a speech by Nobel Prize-winning economist and former chair of the Federal Reserve Ben Bernanke, in which he reflects on the continuing importance of Friedman and Schwartz's work.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMilton Friedman\u003c\/b\u003e (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. \u003cb\u003eAnna Jacobson Schwartz\u003c\/b\u003e is a research associate at the National Bureau of Economic Research, which she joined in 1941. She is a Distinguished Fellow of the American Economic Association and a Fellow of the American Academy of Arts and Sciences. During her distinguished career, she has made major contributions to the economics of business cycles, banking, monetary policy, and financial regulation.\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50412813549842,"sku":"9780691137940","price":37.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_1c2d5b96-74fc-4e19-8dbe-656654d9fab1.jpg?v=1729329990","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-great-contraction-1929-1933-new-edition-9780691137940","provider":"Surprise Castle","version":"1.0","type":"link"}