Shock Values: Prices and Inflation in American Democracy

Author:   Carola Binder
Publisher:   The University of Chicago Press
ISBN:  

9780226833095


Pages:   352
Publication Date:   22 May 2024
Format:   Hardback
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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Shock Values: Prices and Inflation in American Democracy


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Full Product Details

Author:   Carola Binder
Publisher:   The University of Chicago Press
Imprint:   University of Chicago Press
Dimensions:   Width: 15.20cm , Height: 2.50cm , Length: 22.90cm
Weight:   0.626kg
ISBN:  

9780226833095


ISBN 10:   0226833097
Pages:   352
Publication Date:   22 May 2024
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

Table of Contents

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

Reviews

"""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."" * Library Journal * “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.” -- Scott Sumner | author of ""The Money Illusion: Market Monetarism, the Great Recession, and the Future 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).” -- Joshua Hausman | University of Michigan"


"“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.” -- Scott Sumner | author of ""The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy"""


Author Information

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.

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