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A Matter of Interest William F. Hixson

A Matter of Interest By William F. Hixson

A Matter of Interest by William F. Hixson


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Summary

The last set of chapters considers the past four decades of a mixed economy and why it lacks long-term viability, while the concluding two chapters suggest changes in operating principles and financial practices to make the mixed economy a viable one.

A Matter of Interest Summary

A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth by William F. Hixson

In terms of economics, the twenty-first century promises to be one of experiments and mixed economies that display features of both a private enterprise market and an intrusive government sector. To fully understand this coming trend, William Hixson presents this study of the U.S. economy since World War I and its experiments with mixed economics. Hixson describes how the largely laissez-faire economy prior to 1929 was so structured to make a crisis of illiquidity and overindebtedness inevitable, and how the mixed economy that has prevailed since World War II is structured to result in a similar crisis. His work challenges the generally accepted views of both U.S. and Marxist economists. Following a brief introduction that outlines Hixson's approach and theoretical framework, the book begins with a seven-chapter study of the basic operating principles and procedures of a laissez faire economy. The next three chapters examine the Great Crash of 1929 and how it was a predictable outcome of the U.S. economy's operation in a laissez-faire mode. A set of four chapters then analyze the emergence of the government sector as an increasingly significant factor, and the evolution and institutionalization of mixed economy. The last set of chapters considers the past four decades of a mixed economy and why it lacks long-term viability, while the concluding two chapters suggest changes in operating principles and financial practices to make the mixed economy a viable one. This work will be a valuable resource for professionals involved in all types of financial and investing fields, as well as for students and scholars of economics and national economies.

About William F. Hixson

WILLIAM F. HIXSON is a retired businessman and engineer who for many years operated a successful small-business partnership. He has published articles in the Eastern Economic Journal, The History of Economics Society Bulletin, and Economies et Societes (France), as well as book reviews in the Review of Radical Political Economics.

Table of Contents

Foreword by John H. Hotson Introduction The Realization of Profits Profit Realization and Aggregate Demand Aggregate Demand and the Money Supply Money Supply, Output, and Prices How Increases in the Money Supply Are Brought About How Increases in Money Supply Affect Aggregate Spending and Aggregate Income The Investment Process Debts and Illiquidity in the Private Sector in the 1920s Complexities in the Economy of the 1920s The U.S. Economy-- 1929-1933 The Period of Recovery from the Great Crash-- 1933-1939 The Mixed Economy of the 1930s The U.S. Economy-- 1939-1946 The Early Post-War Years GNP, Money, Banking, and the Fed-- 1947-1987 Debt, Interest, and Illiquidity in the Post-War Period On the Maximum Rate of Interest Rising Prices in the Post-War Era Industrial and Financial Sectors-- 1947-1987 Other Observations Concerning the Era Since World War II Restructuring the Money Supply and the Banking System Other Restructuring of the Process of Financing the Economy References Index

Additional information

NPB9780275938956
9780275938956
0275938956
A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth by William F. Hixson
New
Hardback
Bloomsbury Publishing Plc
1991-08-30
304
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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