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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Kevin Hoover

Brian Snowdon


Kevin Hoover was born in Washington, DC in 1955. After completing an undergraduate AB degree in Philosophy at the College of William and Mary in 1977 he went on to Balliol College at the University of Oxford where he obtained a BA (Hons) degree in Politics and Economics in 1979, and an MA in 1983. He also received his DPhil at Nuffield College, Oxford in 1985. Kevin Hoover was a lecturer in economics at both Balliol College (1981–83) and Lady Margaret Hall (1983–85) at the University of Oxford. After returning to the US in 1985 he has been Assistant Professor (1985–91), Associate Professor (1991–95) and, since 1995, Professor of Economics at the University of California at Davis, USA. Professor Hoover is best known for his work in macroeconomics, the methodology of empirical economics, causality in macroeconomics, and the history of modern macroeconomics and monetary theory. Among his many publications his best known include: ‘Two types of monetarism’, Journal of Economic Literature (March, 1984); ‘Money, prices and finance in the new monetary economics’, Oxford Economic Papers (March, 1988); ‘The logic of causal inference: Econometrics and the conditional analysis of causation’, Economics and Philosophy (October, 1990); ‘The causal direction between money and prices: An alternative approach’, Journal of Monetary Economics (June, 1991); ‘Scientific research program or tribe? A joint appraisal of Lakatos and the new classical macroeconomics’ in N. de Marchi and M. Blaug (eds) (1991); 320 Kevin Hoover 321 ‘Causation, spending and taxes: Sand in the sandbox...

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