"This paper reexamines U.S. postwar data to investigate if the observed comovements between money, interest rates, inflation, and output are compatible with the money to real interest to output links suggested by existing monetary theories of the business cycle, which include both Keynesian and...

1. The birth of the Twenties -- From Wilson to Harding -- Death in California -- 2. The boom years -- Keep cool with Coolidge -- The resignation of a President -- The joys of capitalism -- The Presidential election of 1928 -- 3. The storm clouds gather -- The Florida Land Boom -- Post-war Europe...

Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally.

Markets, Planning and the Moral Economy examines the rise of the Progressive movement in the United States during the early decades of the 20th century, particularly the trend toward increased government intervention in the market system that culminated in the establishment of President...