Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951, which marked the beginning of a larger and greatly changed institution.To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains, for instance, why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact on the institution of individuals such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a key role in the adoption of a more active monetary policy by the Federal Reserve. Meltzer also examines the influence the Federal Reserve has had on international affairs, from attempts to build a new international financial system in the 1920s to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, and the failure of the London Economic Conference of 1933.Written by one of the world's leading economists, this magisterial biography of the Federal Reserve and the people who helped shape it will interest economists, central bankers, historians, political scientists, policymakers, and anyone seeking a deep understanding of the institution that controls America's purse strings."e;It was 'an unprecedented orgy of extravagance, a mania for speculation, overextended business in nearly all lines and in every section of the country.' An Alan Greenspan rumination about the irrational exuberance of the late 1990sTry the 1920 annual report of the board of governors of the Federal Reserve. . . . To understand why the Fed acted as it did-at these critical moments and many others-would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer."e;-Wall Street Journal"e;A seminal work that anyone interested in the inner workings of the U. S. central bank should read. A work that scholars will mine for years to come."e;-John M. Berry, Washington Post"e;An exceptionally clear story about why, as the ideas that actually informed policy evolved, things sometimes went well and sometimes went badly. . . . One can only hope that we do not have to wait too long for the second installment."e;-David Laidler, Journal of Economic Literature"e;A thorough narrative history of a high order. Meltzer's analysis is persuasive and acute. His work will stand for a generation as the benchmark history of the world's most powerful economic institution. It is an impressive, even awe-inspiring achievement."e;-Sir Howard Davies, Times Higher Education Supplement

In this new edition, Arthur Fine looks at Einstein's philosophy of science and develops his own views on realism. A new Afterword discusses the reaction to Fine's own theory."e;What really led Einstein . . . to renounce the new quantum orderFor those interested in this question, this book is compulsory reading."e;-Harvey R. Brown, American Journal of Physics"e;Fine has successfully combined a historical account of Einstein's philosophical views on quantum mechanics and a discussion of some of the philosophical problems associated with the interpretation of quantum theory with a discussion of some of the contemporary questions concerning realism and antirealism. . . . Clear, thoughtful, [and] well-written."e;-Allan Franklin, Annals of Science"e;Attempts, from Einstein's published works and unpublished correspondence, to piece together a coherent picture of 'Einstein realism.' Especially illuminating are the letters between Einstein and fellow realist Schrdinger, as the latter was composing his famous 'Schrdinger-Cat' paper."e;-Nick Herbert, New Scientist"e;Beautifully clear. . . . Fine's analysis is penetrating, his own results original and important. . . . The book is a splendid combination of new ways to think about quantum mechanics, about realism, and about Einstein's views of both."e;-Nancy Cartwright, Isis

The first public orphanage in America, the Charleston Orphan House saw to the welfare and education of thousands of children from poor white families in the urban South. From wealthy benefactors to the families who sought its assistance to the artisans and merchants who relied on its charges as apprentices, the Orphan House was a critical component of the city's social fabric. By bringing together white citizens from all levels of society, it also played a powerful political role in maintaining the prevailing social order.?John E. Murray tells the story of the Charleston Orphan House for the first time through the words of those who lived there or had family members who did. Through their letters and petitions, the book follows the families from the events and decisions that led them to the Charleston Orphan House through the children's time spent there to, in a few cases, their later adult lives. What these accounts reveal are families struggling to maintain ties after catastrophic loss and to preserve bonds with children who no longer lived under their roofs.?An intimate glimpse into the lives of the white poor in early American history, The Charleston Orphan House is moreover an illuminating look at social welfare provision in the antebellum South.

For West Papua and its people, the promise of sovereignty has never been realized, despite a long and fraught struggle for independence from Indonesia. In Laughing at Leviathan, Danilyn Rutherford examines this struggle through a series of interlocking essays that drive at the core meaning of sovereignty itself-how it is fueled, formed, and even thwarted by pivotal but often overlooked players: those that make up an audience. Whether these players are citizens, missionaries, competing governmental powers, nongovernmental organizations, or the international community at large, Rutherford shows how a complex interplay of various observers is key to the establishment and understanding of the sovereign nation-state.?Drawing on a wide array of sources, from YouTube videos to Dutch propaganda to her own fieldwork observations, Rutherford draws the history of Indonesia, empire, and postcolonial nation-building into a powerful examination of performance and power. Ultimately she revises Thomas Hobbes, painting a picture of the Leviathan not as a coherent body but a fragmented one distributed across a wide range of both real and imagined spectators. In doing so, she offers an important new approach to the understanding of political struggle.

Europe's imperial projects were often predicated on a series of legal and scientific distinctions that were frequently challenged by the reality of social and sexual interactions between the colonized and the colonizers.When Emmanuelle Saada discovered a 1928 decree defining the status of persons of mixed parentage born in French Indochina-the mtis-she found not only a remarkable artifact of colonial rule, but a legal bombshell that introduced race into French law for the first time. The decree was the culmination of a decades-long effort to resolve the "e;mtis question"e;: the educational, social, and civil issues surrounding the mixed population. Operating at the intersection of history, anthropology, and law, Empire's Children reveals the unacknowledged but central role of race in the definition of French nationality.Through extensive archival work in both France and Vietnam, and a close reading of primary and secondary material from the Pacific islands and sub-Saharan and North Africa, Saada has created in Empire's Children an original and compelling perspective on colonialism, law, race, and culture from the end of the nineteenth century until decolonization.

Meyer makes a valuable statement on aesthetics, criteria for assessing great works of music, compositional practices and theories of the present day, and predictions of the future of Western culture. His postlude, written for the book's twenty-fifth anniversary, looks back at his thoughts on the direction of music in 1967.

In the sixteenth and seventeenth centuries, competing scholarly communities sought to define a Spain that was, at least officially, entirely Christian, even if many suspected that newer converts from Islam and Judaism were Christian in name only. Unlike previous books on conversion in early modern Spain, however, Parables of Coercion focuses not on the experience of the converts themselves, but rather on how questions surrounding conversion drove religious reform and scholarly innovation.In its careful examination of how Spanish authors transformed the history of scholarship through debate about forced religious conversion, Parables of Coercion makes us rethink what we mean by tolerance and intolerance, and shows that debates about forced conversion and assimilation were also disputes over the methods and practices that demarcated one scholarly discipline from another.

The comparative physiology of seemingly disparate organisms often serves as a surprising pathway to biological enlightenment. How appropriate, then, that Robert Elsner sheds new light on the remarkable physiology of diving seals through comparison with members of our own species on quests toward enlightenment: meditating yogis.As Elsner reveals, survival in extreme conditions such as those faced by seals is often not about running for cover or coming up for air, but rather about working within the confines of an environment and suppressing normal bodily function. Animals in this withdrawn state display reduced resting metabolic rates and are temporarily less dependent upon customary levels of oxygen. For diving seals-creatures especially well-adapted to prolonged submergence in the ocean's cold depths-such periods of rest lengthen dive endurance. But while human divers share modest, brief adjustments of suppressed metabolism with diving seals, it is the practiced response achieved during deep meditation that is characterized by metabolic rates well below normal levels, sometimes even approaching those of non-exercising diving seals. And the comparison does not end here: hibernating animals, infants during birth, near-drowning victims, and clams at low tide all also display similarly reduced metabolisms.By investigating these states-and the regulatory functions that help maintain them-across a range of species, Elsner offers suggestive insight into the linked biology of survival and well-being.

two sections branch out to explore how politics work at the societal level and suggest the next steps in modeling, research, and political activity itself. Opening up new paths of inquiry in an exciting new field, this volume will appeal not only to scholars of American politics and political behavior, but also to anyone interested in political psychology and sociology.

Among the most momentous decisions that leaders of a state are called upon to make is whether or not to initiate warfare. How their military will fare against the opponent may be the first consideration, but not far behind are concerns about domestic political response and the reaction of the international community.Securing Approval makes clear the relationship between these two seemingly distinct concerns, demonstrating how multilateral security organizations like the UN influence foreign policy through public opinion without ever exercising direct enforcement power. While UN approval of a proposed action often bolsters public support, its refusal of endorsement may conversely send a strong signal to domestic audiences that the action will be exceedingly costly or overly aggressive. With a cogent theoretical and empirical argument, Terrence L. Chapman provides new evidence for how multilateral organizations matter in security affairs as well as a new way of thinking about the design and function of these institutions.

Vomiting. Diarrhea. Dehydration. Death. Confusion. In 1832, the arrival of cholera in the United States created widespread panic throughout the country. For the rest of the century, epidemics swept through American cities and towns like wildfire, killing thousands. Physicians of all stripes offered conflicting answers to the cholera puzzle, ineffectively responding with opiates, bleeding, quarantines, and all manner of remedies, before the identity of the dreaded infection was consolidated under the germ theory of disease some sixty years later.These cholera outbreaks raised fundamental questions about medical knowledge and its legitimacy, giving fuel to alternative medical sects that used the confusion of the epidemic to challenge both medical orthodoxy and the authority of the still-new American Medical Association. In Knowledge in the Time of Cholera, Owen Whooley tells us the story of those dark days, centering his narrative on rivalries between medical and homeopathic practitioners and bringing to life the battle to control public understanding of disease, professional power, and democratic governance in nineteenth-century America.

In Cte d'Ivoire, appearing modern is so important for success that many young men deplete their already meager resources to project an illusion of wealth in a fantastic display of Western imitation, spending far more than they can afford on brand name clothing, accessories, technology, and a robust nightlife. Such imitation, however, is not primarily meant to deceive-rather, as Sasha Newell argues in?The Modernity Bluff, it is an explicit performance so valued in Cte d'Ivoire it has become a matter of national pride.Called bluffeurs, these young urban men operate in a system of cultural economy where reputation is essential for financial success. That reputation is measured by familiarity with and access to the fashionable and expensive, which leads to a paradoxical state of affairs in which the wasting of wealth is essential to its accumulation. Using the consumption of Western goods to express their cultural mastery over Western taste, Newell argues, bluffeurs engage a global hierarchy that is profoundly modern, one that values performance over authenticityhighlighting the counterfeit nature of modernity itself.

Almost fifty years after?Brown v. Board of Education, a wealth of research shows that minority students continue to receive an unequal education. At the heart of this inequality is a complex and often conflicted relationship between teachers and civil rights activists, examined fully for the first time in Jonna Perrillo's?Uncivil Rights, which traces the tensions between the two groups in New York City from the Great Depression to the present.While movements for teachers' rights and civil rights were not always in conflict, Perrillo uncovers the ways?they have become so, brought about both by teachers who have come to see civil rights efforts as detracting from or competing with their own goals and by civil rights activists whose aims have de-professionalized the role of the educator. Focusing in particular on unionized teachers, Perrillo finds a new vantage point from which to examine the relationship between school and community, showing how in this struggle, educators, activists, and especially our students have lost out.?

Cycling has experienced a renaissance in the United States, as cities around the country promote the bicycle as an alternative means of transportation. In the process, debates about the nature of bicycles-where they belong, how they should be ridden, how cities should or should not accommodate them-have played out in the media, on city streets, and in city halls. Very few people recognize, however, that these questions are more than a century old.The Cycling City?is a sharp history of the bicycle's rise and fall in the late nineteenth century. In the 1890s, American cities were home to more cyclists, more cycling infrastructure, more bicycle friendly legislation, and a richer cycling culture than anywhere else in the world.Evan Friss unearths the hidden history of the cycling city, demonstrating that diverse groups of cyclists managed to remap cities with new roads, paths, and laws, challenge social conventions, and even dream up a new urban ideal inspired by the bicycle. When cities were chaotic and filthy, bicycle advocates imagined an improved landscape in which pollution was negligible, transportation was silent and rapid, leisure spaces were democratic, and the divisions between city and country were blurred. Friss argues that when the utopian vision of a cycling city faded by the turn of the century, its death paved the way for today's car-centric cities-and ended the prospect of a true American cycling city ever being built.

Hegel's Theory of Intelligibility?picks up on recent revisionist readings of Hegel to offer a productive new interpretation of his notoriously difficult work, the Science of Logic. Rocio Zambrana transforms the revisionist tradition by distilling the theory of normativity that Hegel elaborates in the?Science of Logic?within the context of his signature treatment of negativity, unveiling how both features of his system of thought operate on his theory of intelligibility. ?Zambrana clarifies crucial features of Hegel's theory of normativity previously thought to be absent from the argument of the?Science of Logic-what she calls normative precariousness and normative ambivalence. She shows that Hegel's theory of determinacy views intelligibility as both precarious, the result of practices and institutions that gain and lose authority throughout history, and ambivalent, accommodating opposite meanings and valences even when enjoying normative authority. In this way, Zambrana shows that the Science of Logic provides the philosophical justification for the necessary historicity of intelligibility. Intervening in several recent developments in the study of Kant, Hegel, and German Idealism more broadly, this book provides a productive new understanding of the value of Hegel's systematic ambitions.

Alexis de Tocqueville was among the first to draw attention to Americans' propensity to form voluntary associations-and to join them with a fervor and frequency unmatched anywhere in the world. For nearly two centuries, we have sought to understand how and why early nineteenth-century Americans were, in Tocqueville's words, "e;forever forming associations."e; In The Making of Tocqueville's America, Kevin Butterfield argues that to understand this, we need to first ask: what did membership really mean to the growing number of affiliated Americans?Butterfield explains that the first generations of American citizens found in the concept of membership-in churches, fraternities, reform societies, labor unions, and private business corporations-a mechanism to balance the tension between collective action and personal autonomy, something they accomplished by emphasizing law and procedural fairness. As this post-Revolutionary procedural culture developed, so too did the legal substructure of American civil society. Tocqueville, then, was wrong to see associations as the training ground for democracy, where people learned to honor one another's voices and perspectives. Rather, they were the training ground for something no less valuable to the success of the American democratic experiment: increasingly formal and legalistic relations among people.

Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell-editor of The Collected Works of F. A. Hayek-understands Hayek's thought like few others, and with this book he offers us the first full intellectual biography of this pivotal social theorist.Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-sicle Vienna, of the Austrian school of economics-a distinctive analysis forged in the midst of contending schools of thought. In the second part of the book, Caldwell follows the path by which Hayek, beginning from the standard Austrian assumptions, gradually developed his unique perspective on not only economics but a broad range of social phenomena. In the third part, Caldwell offers both an assessment of Hayek's arguments and, in an epilogue, an insightful estimation of how Hayek's insights can help us to clarify and reexamine changes in the field of economics during the twentieth century.As Hayek's ideas matured, he became increasingly critical of developments within mainstream economics: his works grew increasingly contrarian and evolved in striking-and sometimes seemingly contradictory-ways. Caldwell is ideally suited to explain the complex evolution of Hayek's thought, and his analysis here is nothing short of brilliant, impressively situating Hayek in a broader intellectual context, unpacking the often difficult turns in his thinking, and showing how his economic ideas came to inform his ideas on the other social sciences.Hayek's Challenge will be received as one of the most important works published on this thinker in recent decades.

Using path-breaking discoveries of cognitive science, Mark Johnson argues that humans are fundamentally imaginative moral animals, challenging the view that morality is simply a system of universal laws dictated by reason. According to the Western moral tradition, we make ethical decisions by applying universal laws to concrete situations. But Johnson shows how research in cognitive science undermines this view and reveals that imagination has an essential role in ethical deliberation.Expanding his innovative studies of human reason in Metaphors We Live By and The Body in the Mind, Johnson provides the tools for more practical, realistic, and constructive moral reflection.

The posthumous publication of The Argument and the Action of Plato's "e;Laws"e; was compiled shortly before the death of Leo Strauss in 1973. Strauss offers an insightful and instructive reading through careful probing of Plato's classic text."e;Strauss's The Argument and the Action of Plato's 'Laws' reflects his interest in political thought, his dogged method of following the argument of the Laws step by step, and his vigorous defense of this dialogue's integrity in respect to the ideals of the Republic."e;-Cross Currents"e;The unique characteristics of this commentary on the Laws reflect the care and precision which were the marks of Professor Strauss's efforts to understand the complex thoughts of other men."e;-Allan D. Nelson, Canadian Journal of Political Science"e;Thorough and provocative, an important addition to Plato scholarship."e;-Library Journal"e;The major purpose of the commentary is to provide a reading of the dialogue which displays its structural arrangement and the continuity of the argument."e;-J. W. Dy, Bibliographical Bulletin of Philosophy"e;The reader of Strauss's book is indeed guided closely through the whole text."e;- M. J. Silverthorne, The Humanities Association ReviewLeo Strauss (1899-1973) was the Robert Maynard Hutchins Distinguished Service Professor Emeritus of political science at the University of Chicago.

Born Francoise d'Aubigne, a criminal's daughter reduced to street begging as a child, Madame de Maintenon (1653-1719) made an improbable rise from impoverished beginnings to the summit of power as the second, secret wife of Louis XIV. An educational reformer, Maintenon founded and directed the celebrated academy for aristocratic women at Saint-Cyr. This volume presents the dialogues and addresses in which Maintenon explains her controversial philosophy of education for women.Denounced by her contemporaries as a political schemer and religious fanatic, Maintenon has long been criticized as an opponent of gender equality. The writings in this volume faithfully reflect Maintenon's respect for social hierarchy and her stoic call for women to accept the duties of their state in life. But the writings also echo Maintenon's more feminist concerns: the need to redefine the virtues in the light of women's experience, the importance of naming the constraints on women's freedom, and the urgent need to remedy the scandalous neglect of the education of women.In her writings as well as in her own model school at Saint-Cyr, Maintenon embodies the demand for educational reform as the key to the empowerment of women at the dawn of modernity.

In Jennifer Summit's account, libraries are more than inert storehouses of written tradition; they are volatile spaces that actively shape the meanings and uses of books, reading, and the past. Considering the two-hundred-year period between 1431, which saw the foundation of Duke Humfrey's famous library, and 1631, when the great antiquarian Sir Robert Cotton died, Memory's Library revises the history of the modern library by focusing on its origins in medieval and early modern England.Summit argues that the medieval sources that survive in English collections are the product of a Reformation and post-Reformation struggle to redefine the past by redefining the cultural place, function, and identity of libraries. By establishing the intellectual dynamism of English libraries during this crucial period of their development, Memory's Library demonstrates how much current discussions about the future of libraries can gain by reexamining their past.