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Economics and the Public Welfare: Financial and Economic History of the United States 1914-1946

Economics and the Public Welfare: Financial and Economic History of the United States 1914-1946

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Published by Ahmad Cendana
Benjamin Anderson was one of the first economists to provide a systematic account of the causes of the Great Depression. It remains the most reliable documentary guide to precisely what happened, before, during, and after.
Benjamin Anderson was one of the first economists to provide a systematic account of the causes of the Great Depression. It remains the most reliable documentary guide to precisely what happened, before, during, and after.

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Published by: Ahmad Cendana on Feb 03, 2013
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Economics
and
The
Public
welfare
FINANCIAL
AND
ECONOMIC
HISTORY
OF
THEUNITEDSTATES,1914·1946
by
BENJAMIN
M.ANDERSON,PH.D.
FormerlyConnellProfessor
of
Banking,UniversityofCalifornia,
Los
Angeles;FormerPresident,Economists'NationalCommitteeonMonctaryPolicy
D.
VAN
NOSTRAND
COMPANY,
INC.
PRINCETON,
NEW
JERSEY
TORONTO
NEW
YORK
LONDON
 
D.
VAN
NOSTRAND
COMPANY,
INC.
120
Alexander
S t . , P r i n c e t o n ~
New]
ersey
(Principaloffice)
24
West
40
Street,
New
York
18,
New
YorkD.
VAN
NOSTRAND
COMPANY,
LTD.
358,
Kensington
High
Street,London,
W.I4,
EnglandD.
VAN
NOSTRAND
COMPANY
(Canada),
LTD.
25
HollingerRoad,
Toronto
16,
Canada
COPYRIGHT
©
1949,
BY
D.
VAN
NOSTRAND
COMPANY,
INC.
PublishedsimultaneouslyinCanada
by
D.
VAN
NOSTRAND
COMPANY
(Canada),
LTD.
All
RightsReserved
This
book,oranypartsthereof,rnay
not
bereproducedinany
form
without
written
per-mission
from
theauthorandthepublisher.
FirstPublishedSeptember1949
ReprintedMay
1959,
May
1963,
September
1965
PRINTED
IN
THEUNITED
STATES
OF
AMERICA
 
Foreword
BY
HENRYHAZLITT
Benjamin
M.
Anderson,
Jr.,
whodiedonJanuary
19,1949,
wasbornonMay
I,
1886,
inColumbia,Missouri.
At
theUniversityofMissouri,fromwhichhetook
his
A.B.degreein
1906,
hisinterestswerepredominantlyintellectualandlogical.
He
wasactiveintheAtheneandebatingsocietyandsoonearnedareputationthereforhisabilitytopounceuponalogicalorfactualweak
ness
inanopponent'sposition.
He
wasoneofthefourpresidentsofthesocietyfortheyear
19°5-06.
He
alsodeveloped
at
thistimeapassionforchess,whichheretainedthroughouthislife.
He
became
so
good
at
thegameintheseearlydays,indeed,thatheseriouslythoughtofmakingacareerofit.
Out
ofthisinterestcameawarmfriendshipwithJoseCapablanca,theworld
chess
championfrom
1921
to
1927,
at
whosesuggestionhecontributedabrillianttwenty-fivepageprefaceto
"Capa's"
book,
"A
PrimerofChess,"publishedin
1935.
Andersontookhismaster'sdegreeattheUniversityofIllinoisin
1910,
and
his
Ph.D.
ineconomics,philosophy,andsociology
at
Columbiain
191
I.
The
widerangeofknowledgeandintellectualinterests
that
hehaddeveloped
at
thistime
is
indicated
not
only
by
thethreesubjectsinwhichhetookhisdoctoratebut
by
aglanceathisteachingcareer.
He
becameprofessorofhistory
at
theStateNormalSchool
at
CapeGirardeau,Missouri,in
1905.
He
wasprofessorofEnglishliterature
as
well
as
economics
at
theMissouriValleyCollegeat
Mar-
shall,Missouri,in.
1906.
He
washeadprofessorbothofhistoryandeconomics
at
theStateTeachersCollegeinSpringfield,Missouri,between
1907
and
191
Ie
In
thestudyin
his
home,whenIfirstknewhim,Iremembertwo
pictures-
oneof
John
C.
Calhoun,andtheotherof
John
BatesClark.Hehadbeendeeplyinfluencedinhispoliticalthinking,hetoldme,
by
theStates'rightsandother
basic
doctrinesof
"the
masterlogicianofSouthCarolina,"whileheowed
his
greatestdebtineconomicthoughtto
John
BatesClark,underwhomhehadstudied,andwhomheconsideredthegreatesteconomictheoristthatthiscountryhadeverproduced.
The
firstof
his
economicsteacherstomakeadeepimpressiononBenjaminAndersonwasProfessorJesse
E.
Pope,
in
whoseseminar,in
1904
and
1905,
he
III