Conversations on Growth, Stability and Trade
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Conversations on Growth, Stability and Trade

An Historical Perspective

Brian Snowdon

This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the ‘Great Depression’, the ‘Great Peacetime Inflation’, the conduct of stabilisation policy, international economic integration and globalisation.
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Alan Blinder

Brian Snowdon


Alan Blinder was born in 1945 in New York City. After completing his undergraduate studies at Princeton University in 1967 he attended the London School of Economics from 1967 to 1968 where he received an MSc in Economics. Professor Blinder obtained his PhD in Economics from MIT in 1971. From 1972 to 1982 he was Assistant Professor, Associate Professor then Professor of Economics at Princeton before taking up his current appointment as the Gordon S. Rentschler Memorial Professor of Economics. From 1993 to 1994 Professor Blinder was a member of President Clinton’s Council of Economic Advisers before becoming Vice-Chairman of the Board of Governors of the United States Federal Reserve. Professor Blinder is best known for his work on monetary and fiscal policy, Central Banking, inventories, and also for his staunch defence of Keynesian economics. Among Professor Blinder’s numerous publications his best known include: ‘Does fiscal policy matter?’ (with Robert Solow), Journal of Public Economics (November, 1973); ‘Monetary accommodation of supply shocks under rational expectations’, Journal of Money, Credit and Banking (1981); ‘Temporary income taxes and consumer spending’, Journal of Political Economy (February, 1981); ‘Inventories, rational expectations and the business cycle’ (with Stanley Fischer), Journal of Monetary Economics (November, 1981); ‘Can the production smoothing model of inventory behaviour be saved?’ Quarterly Journal of Economics (August, 1986); ‘The fall and rise of 237 238 Interviews Keynesian economics’, Economic Record (December, 1988); ‘The challenge of high unemployment’, American Economic Review (May, 1988); ‘Why are prices sticky? Preliminary results from an...

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