Princeon, NJ; (1966): Princeton University Press. Thick Octavo. Item #028052
3rd printing of a small print run. 867 pages, subject index, fold out charts. This analytical narrative of American monetary policy deals with the behavior of money stock, defined to include currency, demand deposits and time deposits of commercial banks. What began in the Greenback Era following the Civil War became pronounced with the creation of the Federal Reserve system. A large portion of the book is devoted to the period 1921-1941 and how the Federal Reserve policy in 1929-1933 was mismanaged. This work remains one of the most essential classics in understanding American economic policy. Bound in green loth, spine lettered and decorated in silver. A very nice copy without names or bookplates.