Alexander Hamilton, the first Secretary of the Treasury, besides collecting and dispersing the public revenue, made the Treasury a prime agency for promoting the country's economic development and fiscal soundness. Since the Great Depression, the Treasury's regulatory functions have been articulated and elaborated. Working with the President's cabinet and with maximum statistical data, the secretaries have sought to analyze the economic outlook and to coordinate official actions, including policies to maintain a strong and stable U.S. dollar. The essays in this book, written by 24 authorities, illustrate how the Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies with general significance for the economy, and managing the public debt. The biographies illustrate continuing themes of fiscal management as our nation evolved over 200 stormy years of history. They also provide an intimate look at 69 individual secretaries, with stories and facts about their leadership, ideas, style, and administrative prowess, together with their personality and family lives.
BERNARD S. KATZ is Professor Emeritus of Economics, Lafayette College, Easton, Pennsylvania, and is currently Lecturer in Economics at San Francisco State University. He has written extensively on international economics, and is the editor or coeditor of nine additional volumes on economics.
DANIEL C. VENCILL is Professor of Economics and former department chair at San Francisco State University. His research and teaching interests are in the fields of monetary theory, macroeconomics, and the economics of crime. He has consulted for the U.S. government and has numerous publications in applied fields, such as forensic economics and labor market topics.
The work examines major oil-related topics such as the experiences of OPEC and non-OPEC oil suppliers in the 1980s, adjustment and response of oil importers to changes in the oil market, the impact of oil price changes on both the developed and developing world, and possible future developments in the global oil market. This volume will be of interest to scholars of energy and international economics, as well as professionals in the area of energy development and markets.