Overview

Did you know that the first paid holiday was introduced by Germany in 1903? Or that Frank L. Baum wrote ""The Wizard of Oz"" inspired by the march of Ohioan unemployed upon Washington D.C.? Or that, until 1974, married American women could not own a credit card without their husbands' approval?All these things and many more you can find in the book ""A Moral History of Monetary and Fiscal Policies"", written by the National Bank of Romania's Chief Economist Valentin Lazea. The volume targets specialists in history, economics or sociology, but also lay people.The three parts of the volume finish with three provocative questions:Did the Gold Standard era represent a period of fierce exploitation of the working–class? Did the rise of Nazism represent an inevitable consequence of orthodox macroeconomic policies? Was Nicolae Ceausescu wrong in repaying all Romania's external debt in the '80s?

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9781036408343

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Valentin Lazea has been with the National Bank of Romania since 1993. He attended a post–graduate course in Economics at Sussex University, England. He specialized training in banking (Milan–Istituto Giordano dell'Amore) and macroeconomics (Washington D.C.–International Monetary Fund Institute). He served as the Secretary of State (Deputy Minister) at the Ministry of Public Finances between 1997–1998, President of the think-tank Romanian Center of Economic Policies between 2003–2021 and President of the Board of TRANSFOND, an electronic payment company from 2004–2015. He has made regular appearances in the press and on the National Bank of Romania website. He is also co–author of several collective books.

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