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 | | A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth by William F. Hixson ISBN-10: 9780275938956 ISBN-10: 0-275-93895-6 ISBN-13: 9780275938956 ISBN-13: 978-0-275-93895-6 Hardcover 1991-08-30 Praeger Publishers Find Lowest Price |
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Book Description This work describes how the laissez-faire economy of the U.S. prior to 1929 led to a crisis of illiquidity and overindebtedness, and how the mixed economy that followed World War II will result in a similar crisis. Hixson explores the basic operating principles of a laissez-faire economy, and explains why the Great Crash of 1929 was a predictable outcome of that system. Also examined are the institutionalization of a mixed economy, the trends that show why a mixed economy has no long-term viability, and suggestions for changes in operating principles and financial practices. | ||