MIT and Money
以1951年财政部-美联储协议及后续国内外私人资本市场重建为制度背景,梳理了麻省理工学院经济系内部关于货币与货币政策思想的演变,并指出保罗·萨缪尔森早在1937年形成的货币经济学观念始终是这一演变的常量与约束。
The Treasury-Fed Accord of 1951 and the subsequent rebuilding of private capital markets, first domestically and then globally, provided the shifting institutional background against which thinking about money and monetary policy evolved within the MIT economics department. Throughout that evolution, a constant, and a constraint, was the conception of monetary economics that Paul Samuelson had himself developed as early as 1937, a conception that informed the decision to bring in Franco Modigliani in 1962, as well as Duncan Foley and Miguel Sidrauski in 1965.