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Papers by Frank Steindl

Research paper thumbnail of Yale and the monetary interpretation of the Great Depression

The Quarterly Review of Economics and Finance, 1993

Yale thesis was not that of Ftidman and Schwartz. Interestingly, each of the three failed to cons... more Yale thesis was not that of Ftidman and Schwartz. Interestingly, each of the three failed to consider one and each a dz@rtmt one of the three principal points of their core: Fisher, the role of the Federal Reserve in causing the &cline in monqr; Brown, the behavior of the money stock; and Rogers, the monqr supply mechanism.

Research paper thumbnail of Anticipations of "The Great Contraction

History of Political Economy, 1988

Research paper thumbnail of The Golden Age of the Quantity Theory

Research paper thumbnail of Price Expectations and Interest Rates

Research paper thumbnail of What Ended the Great Depression?

Research paper thumbnail of A Graphical Exposition of the Inconsistency of Optimal Monetary Plans

The Journal of Economic Education, 2006

Abstract: The author presents a geometrical framework in which the inability of discretionary pol... more Abstract: The author presents a geometrical framework in which the inability of discretionary policy (consistent policy in the sense of Kydland and Prescott) to be socially optimal is demonstrated. Policy based on a rule results in a higher level of utility. The author extends the model to demonstrate that policy of a Rogoff conservative central banker results in approaching the

Research paper thumbnail of Credit Cards, Economization of Money, and Interest Rates

The Journal of Economic Education, 2000

Research paper thumbnail of What Ended the Great Depression? It Was Not World War II

Research paper thumbnail of University admission requirements as rent-seeking

Public Choice, 1990

The paper argues that admission requirements into public universities are best viewed as rent-see... more The paper argues that admission requirements into public universities are best viewed as rent-seeking by several groups, in contrast to the conventional rationing rationale. The rents are principally nonfinancial for some of the groups. The paper concludes by showing why admission requirements are not set "too high."

Research paper thumbnail of More on minimum wages and political clout

Research paper thumbnail of On the appeal (or is it repeal?) of minimum wage laws: A reply to Browning

Research paper thumbnail of The appeal of minimum wage laws and the invisible hand in government

Public Choice, 1973

One of the few things on which economists are pretty much agreed is that minimum wage laws create... more One of the few things on which economists are pretty much agreed is that minimum wage laws create unemployment, particularly among nonwhites, teenagers and other such "disadvantaged" groups. Given the society's commitment to full employment, it is at the very least paradoxical at one and the same time to pass a minimum wage law, the effect of which is to increase unemployment.

Research paper thumbnail of The "Oral Tradition" at Chicago in the 1930s: Confirmations and Contradictions

Research paper thumbnail of Money and Bonds as Giffen Goods

The Manchester School, 1973

Research paper thumbnail of A Note on the Ending of Damped Inflation and the Price Level

Research paper thumbnail of Was Fisher a Practicing Quantity Theorist?

Journal of the History of Economic Thought, 1997

Research paper thumbnail of Pascal Bridel, Money and General Equilibrium Theory: From Walras to Pareto (1870–1923) (Edward Elgar, Cheltenham, UK and Lyme, US, 1997), pp. xiii, 197, $80.00, ISBN 1-85898-623-0

Journal of the History of Economic Thought, 1998

Research paper thumbnail of J. Patrick Raines and Charles G. Leathers, Economists and the Stock Market: Speculative Theories of Stock Market Fluctuations (Cheltenham, UK and Northampton, MA: Edward Elgar, 2000) pp. xvi, 174, $65.00. ISBN 1 85898 564 1

Journal of the History of Economic Thought, 2001

Research paper thumbnail of Fisher's Last Stand on the Quantity Theory: the Role of Money in the Recovery

Journal of the History of Economic Thought, 2000

Research paper thumbnail of A Simple Macroeconomic Model with a Government Budget Restraint: A Comment

Journal of Political Economy, 1971

Research paper thumbnail of Yale and the monetary interpretation of the Great Depression

The Quarterly Review of Economics and Finance, 1993

Yale thesis was not that of Ftidman and Schwartz. Interestingly, each of the three failed to cons... more Yale thesis was not that of Ftidman and Schwartz. Interestingly, each of the three failed to consider one and each a dz@rtmt one of the three principal points of their core: Fisher, the role of the Federal Reserve in causing the &cline in monqr; Brown, the behavior of the money stock; and Rogers, the monqr supply mechanism.

Research paper thumbnail of Anticipations of "The Great Contraction

History of Political Economy, 1988

Research paper thumbnail of The Golden Age of the Quantity Theory

Research paper thumbnail of Price Expectations and Interest Rates

Research paper thumbnail of What Ended the Great Depression?

Research paper thumbnail of A Graphical Exposition of the Inconsistency of Optimal Monetary Plans

The Journal of Economic Education, 2006

Abstract: The author presents a geometrical framework in which the inability of discretionary pol... more Abstract: The author presents a geometrical framework in which the inability of discretionary policy (consistent policy in the sense of Kydland and Prescott) to be socially optimal is demonstrated. Policy based on a rule results in a higher level of utility. The author extends the model to demonstrate that policy of a Rogoff conservative central banker results in approaching the

Research paper thumbnail of Credit Cards, Economization of Money, and Interest Rates

The Journal of Economic Education, 2000

Research paper thumbnail of What Ended the Great Depression? It Was Not World War II

Research paper thumbnail of University admission requirements as rent-seeking

Public Choice, 1990

The paper argues that admission requirements into public universities are best viewed as rent-see... more The paper argues that admission requirements into public universities are best viewed as rent-seeking by several groups, in contrast to the conventional rationing rationale. The rents are principally nonfinancial for some of the groups. The paper concludes by showing why admission requirements are not set "too high."

Research paper thumbnail of More on minimum wages and political clout

Research paper thumbnail of On the appeal (or is it repeal?) of minimum wage laws: A reply to Browning

Research paper thumbnail of The appeal of minimum wage laws and the invisible hand in government

Public Choice, 1973

One of the few things on which economists are pretty much agreed is that minimum wage laws create... more One of the few things on which economists are pretty much agreed is that minimum wage laws create unemployment, particularly among nonwhites, teenagers and other such "disadvantaged" groups. Given the society's commitment to full employment, it is at the very least paradoxical at one and the same time to pass a minimum wage law, the effect of which is to increase unemployment.

Research paper thumbnail of The "Oral Tradition" at Chicago in the 1930s: Confirmations and Contradictions

Research paper thumbnail of Money and Bonds as Giffen Goods

The Manchester School, 1973

Research paper thumbnail of A Note on the Ending of Damped Inflation and the Price Level

Research paper thumbnail of Was Fisher a Practicing Quantity Theorist?

Journal of the History of Economic Thought, 1997

Research paper thumbnail of Pascal Bridel, Money and General Equilibrium Theory: From Walras to Pareto (1870–1923) (Edward Elgar, Cheltenham, UK and Lyme, US, 1997), pp. xiii, 197, $80.00, ISBN 1-85898-623-0

Journal of the History of Economic Thought, 1998

Research paper thumbnail of J. Patrick Raines and Charles G. Leathers, Economists and the Stock Market: Speculative Theories of Stock Market Fluctuations (Cheltenham, UK and Northampton, MA: Edward Elgar, 2000) pp. xvi, 174, $65.00. ISBN 1 85898 564 1

Journal of the History of Economic Thought, 2001

Research paper thumbnail of Fisher's Last Stand on the Quantity Theory: the Role of Money in the Recovery

Journal of the History of Economic Thought, 2000

Research paper thumbnail of A Simple Macroeconomic Model with a Government Budget Restraint: A Comment

Journal of Political Economy, 1971

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