Shock Values: Prices and Inflation in American Democracy
Autor Carola Binderen Limba Engleză Hardback – 20 mai 2024
Many foundational moments in American economic history—the establishment of paper money, wartime price controls, the rise of the modern Federal Reserve—occurred during financial panics as prices either inflated or deflated sharply. The government’s decisions in these moments, intended to control price fluctuations, have produced both lasting effects and some of the most contentious debates in the nation’s history.
A sweeping history of the United States’ economy and politics, Shock Values reveals how the American state has been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived dangers of price fluctuations. Carola Binder narrates how the pains of rising and falling prices have brought lasting changes for every generation of Americans. And with each brush with price instability, the United States has been reinvented—not as a more perfect union, but as a reflection of its most recent failures.
Shock Values tells the untold story of prices and price stabilization in the United States. Expansive and enlightening, Binder recounts the interest-group politics, legal battles, and economic ideas that have shaped a nation from the dawn of the republic to the present.
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Specificații
ISBN-13: 9780226833095
ISBN-10: 0226833097
Pagini: 352
Dimensiuni: 152 x 229 x 27 mm
Greutate: 0.6 kg
Ediția:First Edition
Editura: University of Chicago Press
Colecția University of Chicago Press
ISBN-10: 0226833097
Pagini: 352
Dimensiuni: 152 x 229 x 27 mm
Greutate: 0.6 kg
Ediția:First Edition
Editura: University of Chicago Press
Colecția University of Chicago Press
Notă biografică
Carola Binder is associate professor of economics at Haverford College. Her work has been featured in the New York Times, Wall Street Journal, and NPR. She tweets at @cconces.
Cuprins
Introduction
1. The Colonies and the Revolution
2. Financing the New Nation
3. The Jacksonian Era and the Civil War
4. The Money Question in the Postbellum Era
5. The Federal Reserve Act and World War I
6. Deflation and Stabilization
7. The Great Depression and the New Deal
8. World War II and the Office of Price Administration
9. The Korean War and the Treasury-Fed Accord
10. The Great Inflation
11. The Volcker Disinflation and the Greenspan Standard
12. Inflation Targeting and the Great Recession
13. The Pandemic and the Return of Inflation
14. Looking Back and Looking Ahead
Notes
Index
1. The Colonies and the Revolution
2. Financing the New Nation
3. The Jacksonian Era and the Civil War
4. The Money Question in the Postbellum Era
5. The Federal Reserve Act and World War I
6. Deflation and Stabilization
7. The Great Depression and the New Deal
8. World War II and the Office of Price Administration
9. The Korean War and the Treasury-Fed Accord
10. The Great Inflation
11. The Volcker Disinflation and the Greenspan Standard
12. Inflation Targeting and the Great Recession
13. The Pandemic and the Return of Inflation
14. Looking Back and Looking Ahead
Notes
Index
Recenzii
"Binder examines the economic destabilization caused by fluctuations in the cost of goods and the effective—and often controversial—remedies the American government has historically used to steady the market, plus their lasting effects. . . A solid history of American economic policies."
“In recent decades, economists have made great strides in understanding how monetary and fiscal policy influence inflation. Shock Values dives deeper to show how institutional changes throughout US history have been both a cause and a consequence of an unstable price level. Binder perceptively dissects how public policies meant to control inflation have been driven by a complex mix of special interest politics, ideology, and advances in our understanding of the role of monetary policy.”
“Debates about the money supply and price level predate the Revolutionary War and have often been at the forefront of US politics. Accessible and a joy to read, Shock Values pulls together economic, political, and intellectual history to tell the remarkable story of three centuries of US inflation (or lack thereof).”