The Fed at One Hundred

A Critical View on the Federal Reserve System

Editors: Howden, David, Salerno, Joseph T. (Eds.)

  • Presents a thorough analysis of the Federal Reserve over the course of its history
  • One of few fundamental critiques of the Federal Reserve System available
  • Written from the point of view of the modern Austrian school of economics, which has garnered increasing recognition since the financial crisis of 2008
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  • ISBN 978-3-319-06215-0
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Hardcover $129.00
price for USA
  • ISBN 978-3-319-06214-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 6, 2016
  • ISBN 978-3-319-34714-1
  • Free shipping for individuals worldwide
About this book

One hundred years after its foundation, the Federal Reserve has been entrusted with an enormous expansion in its operating powers for the sake of reviving a sluggish economy during the financial crisis. The aim of the present volume is to present a thorough and fundamental analysis of the Fed in the recent past, as well as over the entire course of its history. In evaluating the origin, structure and performance of the Fed, the contributors to this volume critically apply the principles of Austrian monetary and business-cycle theory. It is argued that the Fed has done harm to the U.S. and increasingly, the global economy by committing two types of errors: theoretical errors stemming from an incorrect understanding of the optimal monetary system, and historical errors, found in episodes in which the Fed instigated an economic downturn or hindered a budding recovery. The book contains not only a critical analysis of the activities of the Fed over its history, but also a road map with directions for the future.

About the authors

David Howden is a professor of economics at St. Louis University's Madrid Campus. He is the editor of the Journal of Prices & Markets and Academic Vice President of the Ludwig von Mises Institute of Canada. Dr. Howden has published dozens of articles in refereed journals and scholarly books. He is the co-author of Deep Freeze: Iceland´s Economic Collapse (Ludwig von Mises Institute, 2011) and the editor of Institutions in Crisis: European Perspectives on the Recession (Edward Elgar, 2011).

Joseph T. Salerno is a professor of economics in the Lubin School of Business of Pace University in New York. He is the editor of the Quarterly Journal of Austrian Economics and the Academic Vice President of the Ludwig von Mises Institute. Dr. Salerno has published over 50 articles and essays in refereed journals and scholarly books.  He is the author of Money: Sound and Unsound (2010) and has edited or co-edited several books including among others: Prices and Production and Other Works: F.A. Hayek on Money, the Business Cycle and the Gold Standard (2008); A History of Money and Banking in the United States by Murray N. Rothbard (2005); Human Action The Scholars Edition by Ludwig von Mises (1998). Dr. Salerno’s area of expertise is monetary theory and policy, international monetary reform and Austrian economics. He has testified before Congress on the topics of inflation and of fractional reserve banking.

Table of contents (15 chapters)

  • Introduction

    Howden, David (et al.)

    Pages 1-7

  • A Pre-history of the Federal Reserve

    Howden, David

    Pages 9-21

  • Does U.S. History Vindicate Central Banking?

    Woods, Thomas E.

    Pages 23-30

  • Ben Bernanke, The FDR of Central Bankers

    Murphy, Robert P.

    Pages 31-41

  • Fed Policy Errors of the Great Depression

    Herbener, Jeffrey

    Pages 43-54

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-06215-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-06214-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 6, 2016
  • ISBN 978-3-319-34714-1
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
The Fed at One Hundred
Book Subtitle
A Critical View on the Federal Reserve System
Editors
  • David Howden
  • Joseph T. Salerno
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-06215-0
DOI
10.1007/978-3-319-06215-0
Hardcover ISBN
978-3-319-06214-3
Softcover ISBN
978-3-319-34714-1
Edition Number
1
Number of Pages
XI, 169
Number of Illustrations and Tables
3 b/w illustrations
Topics