Industrial Policy Economist

How governments can spur growth and innovation to solve their greatest challenges—from green energy to national security to building resilient health systems.

Allan H. Meltzer (1928-2017), a leading monetary economist of the twentieth century, is memorialized in eleven essays by prominent economists. Among his achievements, Meltzer transformed the field of central banking and dissected the economic disasters of the 1930s and late 2000s, as well as the avoidance of disaster in the 1970s. Focusing on his landmark A History of the Federal Reserve, 1913-1986, the first section argues that the Fed's biggest successes are tied to its adherence to classical monetary theory and also examines the monetarist counterrevolution.

Around 1920 there formed a friendship of four men who were to be at the heart of Australian economic thought and policy-making over the next 30 years: L.F. Giblin, J.B. Brigden, D.B. Copland and Roland Wilson.