The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace

Eric Rauchway (Author)
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Product Details

Basic Books
Publish Date
October 27, 2015
6.2 X 1.4 X 9.3 inches | 1.25 pounds
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About the Author

Eric Rauchway is a distinguished historian and expert on the Progressive and New Deal eras at the University of California, Davis. He is the author of several acclaimed books on the subject, including The Money Makers, The Great Depression and the New Deal, and Blessed Among Nations, and has contributed to the New York Times, the Washington Post, the Financial Times, the New Republic, the Los Angeles Times, Dissent, and the American Prospect. He lives in Davis, California.


"Rauchway tells this important story with passion, intelligence and style....The Money Makers is economic and diplomatic history of the first order.... Anyone with even a passing interest in international economic affairs will benefit from reading this intelligent, timely and thoroughly accessible book."--New York Times Book Review
Douglas Irwin, Professor of Economics, Dartmouth College
"If you think the Federal Reserve's quantitative easing after the Great Recession of 2009 was unusual and controversial, wait until you hear about what Franklin Roosevelt did in the 1930s. Eric Rauchway has given us a lucid and penetrating account of the monetary policies of the New Deal and how it helped to bring about economic recovery from the Great Depression."

Brad DeLong, Professor of Economics, University of California, Berkeley
"Eric Rauchway's The Money Makers is one of the very best books to read to understand our economy today. It tells the story of how Franklin Delano Roosevelt and the people who worked for him pragmatically--experimenting with institutional redesign, reinforcing success, dropping failure, focusing on what worked--refuted via action the ideologues of the left and the right who to this day condemn his New Deal as ineffective or destructive."

Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley
"Monetary policy got the United States into the Great Depression, but monetary policy also got it out. Eric Rauchway brings that tale alive by describing the adventures of two most unlikely monetary escape artists: Franklin Delano Roosevelt and John Maynard Keynes. The 1930s will never look the same."
"Rauchway's thoughtful, well-researched narrative history is a valuable contribution to economic history, with ample lessons for the current era."--Publishers Weekly
"A compelling examination of a still-vilified monetary policy that has continued to show results in spite of conservative criticism."--Kirkus
"An excellent primer on Franklin Roosevelt's economics."--Economist
"Rauchway succinctly places [Bretton Woods] within its political and economic context.... A useful, readable companion to Ed Conway's The Summit."--Library Journal