<p>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.</p>
<p>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.</p>

A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth

Business & Money

Hixson, William F.

Economics

Praeger

In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy. As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature.

Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries (Bibliographies & Indexes in Anthropology S)

History

William Hixson's A Matter of Interest is a good example of the important contribution that an independent scholar can make to a subject where the professionals have become dependent on an orthodoxy which has been highly insensitive to criticism. Hixson's position is that the dynamics of debt creates a strong tendency for an increasing burden on a society which looks as if it can only be corrected by occasional catastrophe. There is much historical evidence to support this thesis. It represents an important tradition in economics, going back to Henry Simons and to Irving Fisher, which has been strangely neglected by the profession. Professional economists will find some things in this book with which they will disagree, but the general thesis presents a very important challenge to them, and this is a work that should be taken very seriously. Kenneth E. Boulding Distinguished Professor of Economics University of Colorado at Boulder In A Matter of Interest William Hixson presents a very interesting analysis of our economic systems. Hixson's analysis is highly original, well written, and comprehensible even for readers not well versed in economics. His frequent references to the great thinkers in economics give the argument a lot of depth. Robert Guttmann Professor of Economics Hofstra University Hempstead, NY

A Matter Of Interest

E-BookTime, LLC

"...the government could have been debt free long before 1914, could have saved billions of dollars in interest, and could have had billions remaining for public improvements or for reductions in taxes. But the bankers triumphed over common sense and the public interest: banks created money apace, and the government created none. A more inane and shameful abnegation of government power is hardly imaginable." William F. Hixson This book discusses crucial monetary events in Colonial America, the United States, and Great Britain over the period 1690 to 1914. It explains some general characteristics of money and its function, the impracticality and undesirability of a gold or silver standard, and how a change in the quantity of money affects the total output of an economy and the level of prices of goods and services. It argues that by 1914 bankers had virtually complete control of the money-creation process and that this was largely the cause of the cataclysm of 1929 and the ensuing years. It contends that the system is still in effect. Journal of Economic Literature Vol.32, No. 1, March 1994 Anyone who seeks to understand "the preposterous financial system" which evolved after 1690 cannot do better than to start here. Hixson interweaves economic history with evaluations of theories of the leading economists starting with Adam Smith... The chapters on the financing of the American Revolution and the Civil War are particularly fascinating. Dr. John H. Hotson Department of Economics University of Waterloo, Ontario

Triumph of the Bankers

See the best price to sell, buy, or rent books by Hixson, William F.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Hixson, William F.

See the best price to sell, buy, or rent books by Hixson, William F.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth

Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries (Bibliographies & Indexes in Anthropology S)

A Matter Of Interest

Triumph of the Bankers