Public Image Limited, or He Blind(er)ed Me with Silence

Geoffrey D. Klinger, Jennifer Adams () and Kevin Howley ()
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Geoffrey D. Klinger: DePauw University
Jennifer Adams: DePauw University
Kevin Howley: DePauw University

Chapter Chapter 7 in Money Talks, 2022, pp 107-129 from Springer

Abstract: Abstract In the early 1930s, the validity of the scientific grounding for economics received a significant challenge as some of the best economic minds and models could not solve the economic conundrums created by the Great Depression. Indeed, economics was supposed to be Herbert Hoover’s forte. Still, there continues to be a countervailing belief that numbers and free markets will solve all of our problems. This chapter explores how, throughout his long tenure as chair of the Federal Reserve, Alan Greenspan leveraged this bias toward science in economics to secure the legacy of Reaganomics.

Keywords: Alan Greenspan; Economic science; Federal Reserve; Henry Gonzalez; Monetary policy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-00816-0_7

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DOI: 10.1007/978-3-031-00816-0_7

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