Search results for " Harvard"
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Jacob Viner and the Chicago monetary tradition
2009
The paper aims at assessing Jacob Viner's role in that brand of monetary thought which historians associate with the Chicago School and whose origins can be retraced in the writings and teaching of Frank Knight, Lloyd Mints, Henry Simons and Viner himself. After a brief description of the prolonged debate over the origins and nature of the so called “Chicago Monetary Tradition”, we examine Viner's analyses and policy proposals drawing particular attention to: his analysis of the Great depression; his proposals for monetary expansion and banking reform; his shift of emphasis in favour of Fiscal Policy; the evolution of its monetary framework in the early 1930's. Finally, we compare his posit…
HARVARD MEETS THE CRISIS: THE MONETARY THEORY AND POLICY OF LAUCHLIN B. CURRIE, JACOB VINER, JOHN H. WILLIAMS, AND HARRY D. WHITE
2015
The paper discusses the interpretation of the Great Depression and the policy decision making by four Harvard economists: Lauchlin B. Currie, Jacob Viner, John H. Williams, and Harry D. White. All were eminent scholars in the field of monetary and international economics, and were deeply involved in policy decisions during the New Deal. We will discuss how their Harvard training provided them with a common methodological and analytical perspective, and how this common perspective translated into specific policies when they moved from the academia to public service in the US administration. Their interpretation of the causes of the Great Depression and their policy proposals show the eclecti…