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Money, History, and International Finance

Essays in Honor of Anna J. Schwartz

This volume provides a critical evaluation of Anna J. Schwartz’s work and probes various facets of the immense contribution of her scholarship—How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her influence been manifested? Bordo has collected five conference papers presented by leading monetary scholars, discussants’ comments, and closing remarks by Milton Friedman and Karl Brunner. Each of these insightful surveys extends Schwartz’s work and makes its own contribution to the fields of monetary history, theory, and policy. The volume also contains a foreword by Martin Feldstein and a selected bibliography of publications by Anna Schwartz.

Table of Contents

Foreword by Martin Feldstein
Introduction by Michael D. Bordo
I. Historical Perspectives
1. The Contribution of A Monetary History of the United States, 1867-1960 to Monetary History
Michael D. Bordo
A Note on Anna J. Schwartz’s Contribution to pre-1867 Monetary History: Hugh Rockoff
General Discussion
2. Anna Schwartz’s Perspective on British Economic History
Forrest H. Capie and Geoffrey E. Wood
Comment: David Laidler
General Discussion
II. Monetarist Perspectives
3. Money-Income Causality—A Critical Review of the Literature Since A Monetary History
Phillip Cagan
Comment: Robert H. Rasche
General Discussion
III. International Monetary Perspectives
4. Stability Under the Gold Standard in Practice
Allan H. Meltzer and Saranna Robinson
Comment: William Poole
General Discussion
5. The International Transmission of Inflation Afloat
Michael R. Darby and James R. Lothian
Comment: Alan C. Stockman
General Discussion
Anna J. Schwartz: An Appreciation
A Life of Scholarship
Karl Brunner
Collaboration in Economics
Milton Friedman
Appendix: Publications of Anna J. Schwartz
Name Index
Subject Index

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