New light on Lauchlin Currie's monetary economics in the new deal and beyond
In: Journal of Economic Studies. No. 3 Vol. 31
The Editor's introduction to this special issue reviews the contributions of Lauchlin Currie (1902-1993) to monetary theory and policy over the six decades of his professional career. This is followed by 27 of Currie's hitherto unpublished papers and memoranda. These include Currie's own memoirs of his work at Harvard, 1925-1934, when he was almost alone in blaming the Fed for its failure to prevent the Great Depression of 1929-1933; and of his work at the US Treasury and Fed, 1934-1939. During this latter period he drafted the 1935 Banking Act that shifted the power base of the monetary syste