Background
Steindl, Frank George was born on August 26, 1935 in Chicago, Illinois, United States. Son of Frank and Anna (Bumeder) Steindl.
( Although much has been published about the economic dow...)
Although much has been published about the economic downturn that began in mid-1929, very little has been written about the recovery from this cataclysmic period. Long, tortuous, and uneven as it was, there was indeed a recovery. In this important book, Steindl explores the much-neglected topic of the recovery, concentrating in particular on the macroeconomic developments responsible for the move back to a pre-Depression level economy. Providing strong evidence for the role of the quantity of money in the revitalization, the author ultimately concludes that the seemingly robust monetary explanation of the recovery is deficient, as is any that relies principally on aggregate demand impulses. An accurate understanding of this phenomenon must account for the inherent tendency of the economy to revert to its long-run high employment trend. Frank G. Steindl is Regents Professor of Economics and Ardmore Professor of Business Administration, Oklahoma State University.
http://www.amazon.com/gp/product/0472113488/?tag=2022091-20
( Frank Steindl asks why, despite much monetary work in t...)
Frank Steindl asks why, despite much monetary work in the intervening years, it was not until Friedman and Schwartz put forward their monetary interpretation of the depth of the Great Depression that the monetary approach was rescued from disrepute and established as one of the most widely held explanations for the Depression. To answer this question, the author explores the work of economists writing before Friedman and Schwartz. Among those investigated are Angell, Currie, Fisher, Hawtrey, Simons, Snyder, and Viner--economists of the first rank. Other approaches examined include those of Harry G. Brown, C. O. Hardy, Lionel Edie, Willford King, Arthur Marget, Lloyd Mints, Lionel Robbins, James Harvey Rogers, and H. Parker Willis. These analyses are examined in relation to the central elements of Friedman and Schwartz's framework, an analytical core that includes a money supply mechanism and an interpretation of the Federal Reserve's role in bringing about a dramatic decline in the money supply. A central finding is that their monetary interpretation stands alone and was not anticipated. The notable exception is Warburton, whose work was largely ignored because of its lack of clarity. Professor Steindl goes on to explore in terms of the nature of scientific inquiry why the other interpretations did not anticipate Friedman and Schwartz. This book will be of interest to monetary economists, especially historians of monetary thought, students of the Great Depression, and philosophers of science. Frank G. Steindl is Regents Professor of Economics, Oklahoma State University.
http://www.amazon.com/gp/product/0472106007/?tag=2022091-20
Steindl, Frank George was born on August 26, 1935 in Chicago, Illinois, United States. Son of Frank and Anna (Bumeder) Steindl.
Bachelor, DePaul University, Chicago, 1957. AM, University Illinois, 1958. Doctor of Philosophy, University Iowa, 1963.
Assistant professor, Oklahoma State University, Stillwater, 1962-1965;
associate professor, Oklahoma State University, Stillwater, 1965-1970;
professor, Oklahoma State University, Stillwater, 1970-1989;
regents professor of economics, Oklahoma State University, Stillwater, since 1989;
Ardmore professor business administration, Oklahoma State University, Stillwater, since 1994. Economist Federal Reserve Bank Cleveland, 1966-1967. Economist, counselor budgetcom.
United States Senate, Washington, 1976. Consultant Federal Emergency Management Bureau, Washington, 1979-1981. Konrad Zuse guest professor of University Bamberg, Germany.
Visiting professor London School Economics Brown U., 1993-1994.
( Frank Steindl asks why, despite much monetary work in t...)
( Although much has been published about the economic dow...)
Member school board St. Francis School, Stillwater, 1973-1977. Executive Committee Boy Scouts American, Stillwater, 1975-1990, scoutmaster, 1984-1986. Member American Economics Association, Southern Economics Assn (trustee 1989-1991), Midwest Economics Association (Vice-President 1974), Southwestern Economics Association (president 1974).
Son of; married Joyce Ann Becker, August 26, 1961. Children: David F., Andrew M., Peter E., Matthew T.