Background
Hall, Thomas Emerson was born on January 31, 1954 in Detroit, Michigan, United States. Son of Robert James and Jean M. (Ashley) Hall.
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book
The Great Depression: An International Disaster of Perverse Economic Policies
( The Great Depression was the worst economic catastrophe...)
The Great Depression was the worst economic catastrophe in modern history. Not only did it cause massive worldwide unemployment, but it also led to the rise of Adolf Hitler in Germany, World War II in Europe, and the tragic deaths of tens of millions of people. This book describes the sequence of policy errors committed by powerful, well-meaning people in several countries, which, in combination with the gold standard in place at the time, caused the disaster. In addition, it details attempts to reduce unemployment in the United States by Franklin Roosevelt's New Deal, and in Germany by Hitler's National Socialist economic policies. A comprehensive economic and historical explanation of the events pertaining to the Depression, this book begins by describing the economic setting in the major industrialized countries during the 1920s and the gold standard that linked theory economies together. It then discusses the triggering event that started the economic decline--the Federal Reserve's credit tightening in reaction to perceived overspeculation in the U.S. stock market. The policy bungling that transformed the recession into the Great Depression is detailed: Smoot Hawley, the Federal Reserve's disastrous adherence to the real bills doctrine, and Hoover's 1932 tax hike. This is followed by a detailed description of the New Deal's shortcomings in trying to end the Depression, along with a discussion of the National Socialist economic programs in Germany. Finally, the factors that ended the Depression are examined. This book will appeal to economists, historians, and those interested in business conditions who would like to know more about the causes and consequences of the Great Depression. It will be particularly useful as a supplementary text in economic history courses. Thomas E. Hall and J. David Ferguson are both Professors of Economics, Miami University.
http://www.amazon.com/gp/product/0472066676/?tag=2022091-20
Business Cycles: The Nature and Causes of Economic Fluctuations (Praeger Series in Political)
( Hall's excellent survey of business cycles is concise, ...)
Hall's excellent survey of business cycles is concise, lucid, and up-to-date discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. . . . Strengths of the book include an excellent bibliography and Hall's insightful history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. Choice Intended as a primary text for upper-level undergraduate and graduate courses in business cycles and economic fluctuations, this book treats the nature and causes of business cycles. In contrast to previous works on the subject, which have tended to focus on basic macroeconomic models and intermediate level theory, Business Cycles offers both a broader scope and more in-depth coverage, concentrating on modern theories of the business cycle, data analysis, and recent and historical episodes of economic fluctuation. The author amplifies and combines the various theories that comprise the modern view of business cycles and develops a systematic rationale for economic fluctuations that integrates the key concept of economic shocks. Hall demonstrates that an economy grows over time but receives periodic shocks--such as oil price increases or monetary instability--which generate fluctuations. In addition to examining the nature of shocks that cause recessions and expansions, Hall suggests ways to forcast these cycles. Hall begins with a general overview of economic cycles and economic indicators and goes on to review the historical explanations for economic fluctuations that form the foundation for more modern theories. The contemporary theories of fluctuations--Keynesian, and real business cycles--receive extended treatment. Each theory is discussed in detail in a separate chapter that includes relevant empirical data. Hall then describes the nature and causes of several business cycles during the twentieth century, enabling the reader to see how the various alternative models of cycles explain actual phenomena over time. Finally, he examines some macroeconomic puzzles in the study of cycles and concludes with some observations about the performance of macroeconomic forecasting methods.
http://www.amazon.com/gp/product/0275930858/?tag=2022091-20
The Rotten Fruits of Economic Controls and the Rise from the Ashes, 1965-1989
(This book describes the policy bungling by Washington pol...)
This book describes the policy bungling by Washington politicians and Federal Reserve officials that led to the high inflation and economic instability that plagued the United States from 1965-1982. It then discusses the reversal of these policies, and how this resulted in the major economic expansion that followed.
http://www.amazon.com/gp/product/0761826815/?tag=2022091-20
Thomas Emerson Hall
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Thomas Emerson Hall, American Economist, educator. Named Outstanding Faculty Member, Delta Gamma, Oxford, 1985, 86; recipient Richard T. Farmer School Business Teaching Excellence award, 1992. Member Oxford Museum Association, since 1984. Member Econometric Society, American Economics Association, Midwest Economics Association, Delta Sigma Pi (academic advisor 1984-1989), Beta Gamma Sigma.
Education
Bachelor, University Colorado, Boulder, 1976. Master of Arts, University California, Santa Barbara, 1978. Doctor of Philosophy, University California, Santa Barbara, 1982.
Career
Assistant professor economics, Miami University, Oxford, Ohio., 1982-1988; associate professor, Miami University, Oxford, Ohio., 1989-1993; professor economics, Miami University, Oxford, Ohio., since 1993. Visiting senior economist Department State, Washington, 1988-1989. Consultant Santa Barbara Zoo, 1980, First National Bank of Southwestern Ohio, since 1991.
Achievements
Works
book
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Business Cycles: The Nature and Causes of Economic Fluctuations (Praeger Series in Political)
( Hall's excellent survey of business cycles is concise, ...)
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The Rotten Fruits of Economic Controls and the Rise from the Ashes, 1965-1989
(This book describes the policy bungling by Washington pol...)
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The Great Depression: An International Disaster of Perverse Economic Policies
( The Great Depression was the worst economic catastrophe...)
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Business Cycles: The Nature and Causes of Economic Fluctuations (Praeger Series in Political)
Membership
Member Oxford Museum Association, since 1984. Member Econometric Society, American Economics Association, Midwest Economics Association, Delta Sigma Pi (academic advisor 1984-1989), Beta Gamma Sigma.
Interests
Connections
Married Christine Tippie, June 18, 1983. 1 child, Alexander E.
