1st Edition
The Political Economy of U.S. Monetary Policy How the Federal Reserve Gained Control and Uses It
By Edwin Dickens
Copyright 2016
196 Pages
2 B/W Illustrations
by
Routledge
196 Pages
2 B/W Illustrations
by
Routledge
196 Pages
2 B/W Illustrations
by
Routledge
Also available as eBook on:
Mainstream economists explain the Federal Reserve’s behavior over its one hundred years of existence as (usually failed) attempts to stabilize the economy on a non-inflationary growth path. The most important monetary event during those first one hundred years was the replacement of fixed exchange rates, based on a gold-exchange standard, with flexible exchange rates.
In this book, Dickens... Read more
Introduction 1. The Theoretical Framework 2. The Origin of the Federal Reserve System: The Institutionalization of the Alliance Between the Large New York Banks and the Large Regional Banks 3. Democratic Control Versus Banker Control of the Federal Reserve System 4. The Federal Reserve’s Implacable Opposition to Social Democracy 5. The End of the Golden Age of Relatively Stable Capitalist Development 6. The Eurodollar Market and Flexible Exchange Rates: The Linchpins of the Current Neoliberal Era of Global Financial Capitalism 7. Summary and Conclusions
Biography
Edwin Dickens is Professor and Chair at the Department of Economics and Finance at Saint Peter’s University, New Jersey, U.S.
