Description: Profits William Trufant Foster & Waddill Catchings 1925 First Edition / First Printing This copy could not have looked much better when it was published in 1925. Both the book and dust jacket are in excellent condition with just a touch of rubbing. The pages are clean and the binding is tight. William Trufant Foster (1879 – 1950), was an American educator and economist, whose theories were especially influential during the 1920s. He was the first president of Reed College. He collaborated with his Harvard classmate Waddill Catchings in a series of economics books which were highly influential in the United States in the 1920s. His influential books, written with Catchings, were Money (1923), Profits (1925), Business Without a Buyer (1927), The Road to Plenty (1928), and Progress and Plenty (1930) With Catchings, he was one of the leading pre-Keynesian economists, in the underconsumptionist tradition, advocating similar issues to Keynes such as the paradox of thrift and economic interventionism. Foster and Catchings rejected traditional laissez-faire economics and called for aggressive federal involvement to balance the economy lest destabilizing forces upset prosperity. The main problem was underconsumption, which could be overcome by strategic government spending in public works. The theory strongly influenced the anti-depression programs of Herbert Hoover, Franklin D. Roosevelt, and Federal Reserve Board Chairman Marriner Eccles. Please view my other listings. Thank you!
Price: 325 USD
Location: Missouri City, Texas
End Time: 2024-03-01T23:49:25.000Z
Shipping Cost: 4.95 USD
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Binding: Hardcover
Special Attributes: 1st Edition, Dust Jacket, Illustrated
