[P509.Ebook] Download Ebook A Monetary History of the United States, 1867-1960, by Milton Friedman, Anna Jacobson Schwartz

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Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues."

Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger."

Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).

• Sales Rank: #209280 in Books
• Published on: 1971-11-01
• Original language: English
• Number of items: 1
• Dimensions: 9.04" h x 1.58" w x 6.03" l, 2.70 pounds
• Binding: Paperback
• 888 pages

Review
"A monumental scholarly accomplishment. . . . [sets] a new standard for the writing of monetary history."--The Economic Journal

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0 of 0 people found the following review helpful.
Five Stars
By Amazon Customer
Excelent

32 of 40 people found the following review helpful.
Missing graphs, charts, tables
By Gregory Olsen
A significant number of graphs, charts, and tables are missing from the Kindle version of this book, apparently because digital rights could not be secured for publication. Buy the print version of the book instead of wasting your money on the Kindle version.

17 of 21 people found the following review helpful.
Revolutionary, albeit flawed, Monetary Analysis
By Rufus Burgess
"A Monetary History of the United States, 1867-1960" by Milton Friedman and Anna Schwartz is an epic in economic literature. The authors concisely analyze nearly 100 years of monetary history and prove why monetary economics matter. Their work, originally published in 1963, offers immaculate insight into endogenous and exogenous economic variables that shaped US history.

When reviewing a classic text it is important to test it on two criteria: 1) it's ingenuity; and, 2) it's validity. In regards to ingenuity "Monetary History" paved the way towards a statistically grounded analysis of macroeconomics (in this case monetary theory). While "Monetary History" was groundbreaking it's truly memorable aspect is Ch7's "The Great Contraction". This chapter, which is now known as the money hypothesis, revolutionized the way economists thought about the Great

Deprhttp://www.amazon.com/review/R1C118WNLAM4I/ref=cm_cr_pr_cmt?ie=UTF8&ASIN=0691137943&nodeID=#wasThisHelpfulession. Ultimately, this analysis proved to be incorrect.

Why the work remains a classic, even though flawed, is because the sheer difficulty in producing such a feat. Friedman and Schwartz managed to put together a comprehensive 100 year monetary history in (a short) 700 pages. The amount of research required to take on such a project is hard to grasp. The footnotes in the "Monetary History" give a small glimpse into how much work was required to create this book. They alone are the size of a mid-sized economic text. Throughout the text the authors synthesis a wide range of evidence, often being forced to recalculate the statistics given to them, and somehow come out with a fairly consistent history.

The work is so encompassing it is impossible in an Amazon book review to point out all of the prescient ideas presented in a "Monetary History". Here is a short list off the top of my head: 1) money matters in the short-run; 2) active gov't policy can prevent bank panics if correctly implemented; 3) Consistent misperception regarding economics have OFTEN created bad policy (both in the private and public sphere); 4) the gold standard was never good (and we never had anything near an ACTUAL gold standard); 5) An excellent review of business cycle contractions between 1844-1960; 6)Everything you wanted to know about the composition of banking mechanisms from 1867-1960. There are many, many more...

Friedman's "Monetary History" analysis does occasionally feel awkward (this tends to happen when his quantitative analysis does not account for history and he is forced to make qualitative assumptions). 1) The entire Great Contraction rested on the qualitative factor of not having a 'Great Man' running the Federal Reserve; 2) Deflation existed side by side with rapid economic expansion in the 1880's, which Friedman finds interesting, but no attempt is made to ascertain whether monetary issues had any recessionary effects on potential growth; 3) The entire 48-60' analysis exerts a strong ideological stance that did not seem to exist in the earlier chapters. (many more minor hiccups exist and for the most part Friedman is willing to admit when he cannot reasonably prove causation).

However, two major problems exist in the "Monetary History".

1) The assumption that money does not matter in the long-run is unsupported through their analysis. Friedman and Schwartz fail to find any long lasting effects regarding changes in the price level and money stock to changes in economic activity. This view, which is a very simple look at correlations, is essentially embracing a negation. They fail to find a connection between monetary economics and business cycles so it must not exist. Though this view has little empirical evidence it is made several times throughout the work (and in almost every case the statement seems to be completely out of place). The claim that money is 'neutral' has forever changed economics by being included in the Neoclassical Synthesis.

2) Friedman's chapter on the velocity of money is by far the weakest part of his text. After going on for ~700 pages with precise attention to quantitative analysis Friedman is forced to argue, in a mere 3 pages, that changes in velocity must be due to rational expectations (with little empirical evidence). Friedman's assumption that Velocity exhibits a secular decline with rising income is CRUCIAL when analyzing Monetarism. The Quantity Theory of Money states: Money*Velocity=Price*Output --- M*V=P*Y (this is a rearrangement of Fisher's equation -- See Michael Emmett Bradely's review for a far superior theoretical analysis of this equation). If Velocity can be considered constant then changes in M = changes in P*Y. This means all that is needed to have stable business cycles is an unchanging, or better yet a slightly increasing, money supply. HOWEVER, this flawed assumption is why Monetarism is so difficult to implement into policy. Friedman's tentative assumption in his "Monetary History" became the dogma of Monetarism.

"A Monetary History of the US, 1867-1960" is a revolutionary, albeit flawed, canon in economic literature.

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[M996.Ebook] Download Juvenile Delinquency in a Diverse Society, by Kristin A. Bates, Richelle S. (Suzanne) Swan

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This engaging, student-friendly text takes a critical look at juvenile delinquency today. Authors Kristin Bates and Richelle Swan examine the phenomenon of juvenile delinquency in the context of real communities and social policies, integrating into the text the many social factors that shape juvenile delinquency and its control (including race, ethnicity, class, gender, and sexuality). Offering a thorough mix of traditional and cutting-edge theories, research, and practices, this text helps students develop critical thinking skills and answer many of the difficult questions on juvenile delinquency that they will face in their careers and lives.

• Sales Rank: #186976 in Books
• Published on: 2013-10-10
• Original language: English
• Number of items: 1
• Dimensions: 10.50" h x 8.25" w x .50" l, 2.15 pounds
• Binding: Paperback
• 472 pages

Review
By consistently devoting space to gender, race, and class in each chapter, Bates and Swan demonstrate the importance of these social identities in all facets of juvenile justice and delinquency. (Kimberly L. Barrett)

About the Author

Kristin A. Bates is a Professor of Sociology and Criminology & Justice Studies at California State University, San Marcos. She earned her Ph.D. in Sociology from the University of Washington where she concentrated in criminology and social control. She has been teaching Juvenile Delinquency in both large and small sections for over 20 years. Her research is in the area of inequality and social justice, with a specific focus on issues of race and social control. Her current research project with Richelle Swan is looking at gang injunctions’ impact on the community in Southern California. She is the co-editor of Through the Eye of Katrina: Social Justice in the United States (2nd edition) (with Richelle Swan), and co-author of Deviance and Social Control: A Sociological Perspective (2nd edition) and Perspectives in Deviance and Social Control (with Michelle Inderbitzin and Randy Gainey).

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Richelle S. Swan is a Professor of Sociology and Criminology & Justice Studies at California State University, San Marcos. She earned her Ph.D. in Criminology, Law & Society from the University of California, Irvine, and her M.S. in Justice Studies from Arizona State University. She teaches a number of classes related to delinquency, crime, law & social justice. Her ongoing research projects focus on the topics of gang injunction laws in Southern California with Kristin Bates), and the intersection between law, undocumented immigration and society (with Marisol Clark-Ib��ez). Past research has included works on topics such as problem solving courts, welfare fraud diversion, restorative justice, and social justice movements. She is the co-editor of Through the Eye of Katrina: Social Justice in the United States (2nd edition) and co-author of Spicing Up Sociology: The Use of Films in Sociology Courses.

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0 of 0 people found the following review helpful.
Interest yet frustrating
By Looking For Adventure
This was required for a juvenile delinquency class I took. I am very interested in the concepts in this book but in my opinion the writers did not organize this book very well. The book is random and a bit confusing. I also believe that it is horribly biased and they would often leave out certain details about the case studies they used, some of those case studies were high profile incidents. Almost everything in this book is controversial.

0 of 0 people found the following review helpful.
Five Stars
By M. Garcia
Excellent textbook it fully explains this concept and it is easy to follow

0 of 1 people found the following review helpful.
Five Stars
By Delia Guadalupe Contreras
Great class as well and defintitely would take the class again.

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[L735.Ebook] Download Lest We Forget: An Army Ranger Medic's Story, by leo jenkins

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A rare look inside the life of an Army Ranger medic. The compelling true story of what it takes to become and operate as a special operations medic during the height of the global war on terrorism. Detailed accounts (and pictures) from the search and rescue operation for the US Navy Seals that were compromised in the mountains of Afghanistan during operation Redwings (best selling book, Lone Survivor by Marcus Luttrell) is just one of the many combat operations described in this thrilling book. Take a look inside the US special operations medical course as the author trains for the reality of combat in Iraq and Afghanistan. Lest We Forget is a respectful look into the reality of war and the impact it has on the individuals that have fought for the brothers to their left and right.

• Sales Rank: #118626 in Books
• Published on: 2013-12-10
• Original language: English
• Number of items: 1
• Dimensions: 9.00" h x .43" w x 6.00" l, .58 pounds
• Binding: Paperback
• 190 pages

About the Author
US Army special operations medical Sergeant Leo "Doc" Jenkins is a veteran of multiple combat deployments to Afghanistan and Iraq as a member of 3rd Ranger Battalion. He is the graduate of several US special operations medical courses and recipient of awards for valor in combat.

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33 of 34 people found the following review helpful.
Awesome book!
By Iassen Donov
I served with Leo in 3/75, never in the same platoon but I spent time with his sister platoon down the hall. Who knew us big dumb Rangers could spell words much less write so well??? Lest We Forget is a great read that never lulled in its pace of either action or humor and made it pretty tough to put it down. Here's to making sure history doesn't forget us! Cheers.

RLTW

25 of 27 people found the following review helpful.
A great book--I highly recommend it!!
By MikeM
My first thoughts about a quarter of the way into this book were, “Exciting, patriotic (real patriotism, not mouthed), respectful, family, humorous and honest.” By the way, did I say, “respectful?”

This book is gritty and honest. You feel like you right there with the author—only I was safe at home because of what he and his brothers have done for this nation. The missions were real and intense and the reader feels it all. This was a book that was hard to put down and when I finished, I wanted more.

This was a patriotic book depicting what the young men of our special forces do for our safety. Situations (which no one ought to have to live through) are depicted in descriptive language. The author not only takes you through the stark events of the various missions, but he gives you a glimpse into the mind and thinking of a young man serving his country. The language is strong, but so are the incidents described.

Family is an important emphasis in this book—both brothers in arms and relatives back home. The author depicts a relationship with his father that will become the envy of every reader. He also talks about and describes real life sacrifice in the service of one’s nation and way of life (sacrificing comfort and employment back home). There is a subtle warning that can be picked up as one reads the book—don’t take for granted the freedoms that we in the United States possess!!

This is an extremely humorous book (considering its topic). Honestly, though, humor is the only way to get through it and keep one’s sanity. On multiple occasions, I actually, “laughed out loud.” However, it is respectful humor. There is no unnecessary mocking of anyone or anything.

Finally, when I finished the book, what I really wanted to do was find a soldier and say, “thank you!” I highly recommend this courageous, exciting and readable book.

25 of 27 people found the following review helpful.
Ranger Doc
By Amazon Customer
Doc Jenkins, just finished your book. Great read. As one of the original Ranger Medics in Charlie Company, 2nd Ranger Battalion in 1974, it did my heart and soul good to see the attitude and traditions that make a Ranger Medic so unique being carried on. Thank you for sharing your tale!
David Doc Burns

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The astonishing deep-muscle exercise technique that offers results in hours, and which was a 540,000-copy bestseller in hardcover, is now in paperback.

• Sales Rank: #195702 in Books
• Brand: Avon Books
• Published on: 1987-04
• Ingredients: Example Ingredients
• Original language: English
• Number of items: 1
• Dimensions: 10.00" h x 8.00" w x .50" l,
• Binding: Paperback

Most helpful customer reviews

24 of 24 people found the following review helpful.
Unbelievable!
By L. Hunt
I was looking for something that would tighten my stomach and pelvic floor and upon research ran across Callanetics. I decided to purchase this dvd (in 2012), and got unbelievable results. Such as life, got busy, quit doing the work outs and forgot the dvd altogether. I have always been fairly petite, and noticed I started ballooning out in all the wrong places arms, gut, cellulite covered my legs ect., ect. I started using weights and doing tiny are circles to try to tighten my jiggly arms back up. Some times doing up to 300 rotations (150 forward & 150 in reverse). Nothing, nada, zilch! Well I ran across my Callanetics dvd and decided to start back doing them again. So I did, and let me tell you, My arms tightened back up to pre-pregnancy size (keep in mind from my very 1st child 10 years ago, I have 3 total)! My husband went out of town for 5 days, came home and asked me, "What happened to you? You look amazing!" It made me feel great. My jeans are looser, my tops are looser, my stomach is flatter. The cellulite on my legs was horrible, and I'm not talking about those people who say, "I'm covered in cellulite", then you have to break out the magnifying glass to find it. My cellulite woes were/are legit. We're talking about hail damage here... golf ball size hail damage. My children ask me what happened to my legs, if I was in an accident. I laugh and tell them no, it's just a part of getting older. Anyway I have done 5 hours so far and it is just about gone on my quads. My hamstrings, were still working out. I am hoping, by ordering the Super Callanetics, it will clear the hail damage on the backside on up. I hear the Super C. is more advanced and double the moves. I am excited and looking forward to it (should arrive in a week). My rump, it's always been saggy, even when I ran track in high school and did weight lifting- ugh...WHAT GIVES?! One friend told me when I tanned to put a tooth pick between my butt and legs to hold it up to get some sun under there -yeah that saggy. I never tried it, but I probably could have carried money, or pencils or whatever back there. It was like it's own personal compartment. At 33 years old, for the 1st time in my life it is lifting up like Callans! Yay to perky deriairs! I am telling you who gives a flip about the music, the hair, the leotards? If you get results, you get results! Stop waisting time and buy the dvd, you wont' regret it!

10 of 10 people found the following review helpful.
Impeccable instruction
By Samyama
This book is a life-changer. I borrowed it from the library & ordered my own copy the same day. I love Callan's teaching style & technique. I've also added 4 of her dvd's to my collection. This book is comprehensive & could work as a stand-alone Callanetics resource. The 10 years younger dvd (the counterpart to this book) gives good visuals of the nuances of the movements with Callan teaching every-day students. (The book is more comprehensive--the video augments the book.) The Super Callanetics dvd adds advanced moves to the one-hour routine presented in the book & another opportunity to glean subtleties in proper form as Callan demonstrates the moves in the beginning & then proceeds to instruct master practitioners as they complete the sequence. This book alongside Super Callanetics (excellent instruction & progressive movements) are my favorite & most referred to Callanetics resources. I'm thankful for Callan, Callanetics & the clarity & grace with which it is conveyed.

Update: I added the Super Callanetics book to my collection. (It's out of print & available used though amazon.) It's a real treasure. I think it's the best Callanetics resource for one's evolving practice. It contains helpful suggestions for each exercise to achieve proper form & make each exercise more challenging or less challenging. It also includes tips Callan used in her own personal practice. After doing the sequence over a dozen times, I know it by heart & enjoy it as a moving meditation first thing in the morning. I like keeping the Super Callanetics book & a timer alongside when I practice.

8 of 8 people found the following review helpful.
MOST EXCELLENT
By K.A.
I have since moved on from this workout because it got too easy, but when I first started I could not lift my left up to do the exercise - the sitting one! I worked at it and after several sessions, I quickly lifted and lost inches in all the right places. It was shocking really, one day when I put my jeans on and my rear was way up there! This is the best video to start with if you are a newbie. It works and it works fast! And, it's relaxing at the same time. I got much more limber and flexible doing this workout. It was a life changer for sure. It is effective - the elliptical and stairmasters are a complete waste of time.

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BARBARA BACH ISSUE

• Sales Rank: #435054 in Books
• Published on: 1981-01
• Binding: Single Issue Magazine

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