Hamilton Versus Wall Street: The Core Principles of the American System of Economics (Paperback)
Hamilton: An American Musical has captured the imagination of millions. As a result, the nation now has a shot at educating these fans on his core ideas-the American system of economics.
"In our time of crumbling infrastructure, anemic economic growth, and dysfunctional government, Spannaus points to a better path, the American System of economic policy initiated by Alexander Hamilton more than two centuries ago. Hamilton encouraged long-term investment and productivity growth, and discouraged short-term speculation and financial instability. His policies made America great, and a return to them can make America great again."
--Richard Sylla, author of Alexander Hamilton: The Illustrated Biography
It was Hamilton's concept of public credit, devoted to building the productive powers of labor, that the Washington, Lincoln, and Franklin Roosevelt administrations used to bring prosperity to our nation. His system remains the chief challenge to the Wall Street/City of London methods that dominate economic thinking today. Therein lies the timeliness of this book.
About the Author
Nancy Bradeen Spannaus began studying Alexander Hamilton in the 1970s. In 1977 she coedited The Political Economy of the American Revolution, which featured Hamilton's economic reports. After a career in political journalism, she created the blog americansystemnow.com. She lives with her husband, Ed, and their two amusing cats in Northern Virginia.