This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the...

“Donald Stabile provides a fascinating history of the economic and political debates leading up to, and following, the Employment Act of 1946. Contrary to common understanding, Stabile argues that there were strong tensions between New Dealers and Keynesians, including around their vision of...

Central banks are major players in today's economic and financial policy making. While respected for their technical acumen and their pivotal role in defusing the global financial crisis, they are at the same time mistrusted by others and considered to be too powerful. In order to contribute to...

1. Introduction : the world economy in historical perspective -- 2. Economic growth and development : a very long-run view -- 3. Growth theories : old and new -- 4. Managing aggregate economic instability : from Keynes to Lucas -- 5. International economic integration in the Second Global Age.

Chapter 1. Introduction -- Chapter 2. From War Financier to Bankers’ Bank -- Chapter 3. Central Banks under the Gold Standard -- Chapter 4. The Federal Reserve: A Unique Institution -- Chapter 5. From War to War: 1914-1939 -- Chapter 6. Post-war Progress: 1946-1960 -- Chapter 7. The 1960s:...