The Jacksonian Economy

The Jacksonian Economy

The Jacksonian Economy

The Jacksonian Economy

Excerpt

This is a book about the interaction of economics and politics. Its purpose is to refute the commonly accepted view that Andrew Jackson's policies toward the Second Bank of the United States produced the dramatic boom and crises of the 1830's, a view that colors almost all modern evaluations of Jacksonian policies. The boom and crises were caused by events beyond the control of Andrew Jackson, and neither Jackson nor his followers deserve to be blamed for them. The Bank War has been analyzed often as a political phenomenon; its economic impact also needs to be correctly evaluated.

It is a great pleasure to acknowledge the contributions of those who have helped in the preparation of this book. Professors Stuart Bruchey, Robert L. Church, Richard S. Eckaus, Franklin M. Fisher, Duncan K. Foley, Frank O. Gatell, and Edward J. Kane read and criticized a part or draft of the argument. Donald Cimilluca and Lawrence Herron helped prepare the statistical tables. And the National Science Foundation and the Sloan Research Fund of the Massachusetts Institute of Technology helped to finance the research. I am grateful to these people and organizations for their help; any remaining errors are mine alone.

It is a great tragedy that the name of Miguel Sidrauski appears on the dedication page rather than among the people thanked here. This manuscript was on his desk at his untimely death, and it is undoubtedly poorer--as is the entire field of monetary economics--for the absence of his views. In tribute . . .

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