000 02853cam a2200385 i 4500
001 23338014
005 20250417093446.0
008 231002s2024 ilu b 001 0 eng
010 _a 2023045913
020 _a9780226833095
020 _z9780226833101
041 _aeng.
042 _apcc
043 _an-us---
082 0 0 _a338.526 BIN
100 1 _aBinder, Carola Conces,
245 1 0 _aShock Values: Prices and Inflation in American Democracy
260 _aLondon
_bThe University of Chicago Press
_c2024
264 1 _aChicago ;
_aLondon :
_bThe University of Chicago Press,
_c2024.
300 _a346 pages ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index.
520 _a"How inflation fears shaped American society, then and now. For most of its history, the United States has benefited from price stability-a steady relationship between supply and demand, characterized by prices that don't inflate or deflate in unpredictable fashion. Across these long stretches, the US economy became famously free-market: prices did the job of stabilizing the economy so the government didn't have to. In this sweeping and revelatory history of American economy and democracy, Carola Conces Binder shows that American price-stability is no accident. From its colonial origins to today, the American state has been designed for, and continues to be shaped by, an unlimited effort to insulate the economy from the dangers of price fluctuations. Binder narrates an American history in which inflationary anxiety has informed everything from the reluctant establishment of paper money to the rise of the modern Federal Reserve as an omniscient actor in public policy. At every step, and with each historical brush with monetary instability, the US has been reinvented as a response to its most recent failings. Shock Values is the epochal history of the US as a monetary state. Binder recounts both the monetary interests at the dawn of the Republic; its decades-long experiments with price controls; the outsize role of agriculture and industry in its monetary apparatus; and how the rise of the all-powerful Federal Reserve was born out of crisis more than anything else. Expansive and erudite, Shock Values is a watershed telling of an old history: how American union's pledge to be more perfect was drawn along monetary lines. It is not to be missed"--
650 0 _aPrices Government Policy
650 0 _aPrice regulation
650 0 _aMonetary policy
650 0 _aInflation Finance
650 0 _aAnti Inflationary policies
650 0 _aDemocracy
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
942 _cBK
999 _c43479
_d43479