This warm and humane biography of three monetary economists whose careers spanned the last 100 years--Allyn Young, Alvin Hansen, and Edward Shaw--has a great deal to say about action away from the ball. In this case it is the efforts of three practical men to construe and fashion monetary policy during the 'revolution' and 'counterrevolution' of John Maynard Keynes and Milton Friedman.
   --David Warsh, Boston Globe

Mehrling has written a history of American monetary thought covering the 1920s to the 1960s in the form of intellectual biographies of three economists: Allyn Young, Alvin Hansen, and Edward S. Shaw. All three, he argues, were products of the Progressive or institutionalist strand of American economic thought, and each represented the most significant engagement of the Progressive mind with the monetary events of their generation.
   --D.E. Moggridge, Choice

Perry G. Mehrling is Associate Professor of Economics at Barnard College of Columbia University.