Cambridge: American Economic Association, 1929. [561-768 pp]. 8vo. Orange paper wrappers (paperback). First edition. A few tears to the spine else a very good copy. Item #26776
Arthur Frank Burns (1904-1987) was one of the most influential economists of the century, serving as Chairmen of the Board of Governors of the Federal Reserve System from 1970 to 1978 and as the chair of President Eisenhower's Council of Economic Advisors from 1953 to 1956. This is Burns' first important article written while he was 25 and still working for his doctorate at Columbia University and teaching at Rutgers University where Milton Friedman was his student.