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Marginal Man
WithMarginal Man, Alexander John Watson provides the first in-depth intellectual biography of Harold Adams Innis (1894-1952), the great Canadian economic historian and communications guru. Melding biography and analysis, Watson presents, in unprecedented detail, the links between key events in Innis' life and scholarly influences, and the intellectual synthesis that Innis produced.
Watson illustrates and reconciles the great thinker's movement from rural Ontario to the centre of Canadian and international scholarship, followed by his relegation to the margin by scholars who did not understand his political project and the essential consistency of his scholarship and vision. Based on exhaustive research including interviews and reviews of archival sources, the book's methodology reflects that of Innis himself, emphasizing oral tradition and 'dirt' research.
Innis' thought is remarkably relevant to today's world, andMarginal Mandiscusses his foresight with regards to technological changes - such as the arrival of the internet - as well as historical changes including the end of the Cold War and the beginnings of today's unipolar world order. This book is an extraordinary work of scholarship in its own right, as well as an essential companion to the work of its subject, one of Canada's most important minds.
Works by Harold A. Innis
History of the Fur Trade in Canada
The Bias of Communication
eBook
Harold Innis reflects
Offering fresh insight into the early life of Harold Adams Innis (1894-1952), this volume makes available a number of previously unpublished writings from the renowned Canadian economic historian and media scholar.Part I, Innis's autobiographical memoir, chronicles his farm-based family background, early education, military service during World.
eBook
FROM REAL BILLS TO TOO BIG TO FAIL: H. PARKER WILLIS AND THE FED'S FIRST CENTURY
Thank you very much for inviting me to join you this evening. It is a great honor to be a part of this lecture series commemorating H. Parker Willis, who, in addition to helping create the Federal Reserve System, also served as the first secretary to the Federal Reserve Board and later as the first research director. As most of you probably know, early in his career, Dr. Willis was a professor of economics here at Washington & Lee. What you might not know is that, according to some accounts, the president of the university at the time thought Dr. Willis spent too much time in Washington, D.C., consulting with Congress and forced his resignation. The students protested-evidence of the abiding wisdom of your student body.Tonight, I would like to discuss Dr. Willis's wisdom and his original vision for the Federal Reserve. I will also talk about how the Feďs role has evolved and the ways in which the founders' intentions continue to be relevant to policy discussions today. The Fed was founded to manage monetary conditions in the United States, and Reserve Bank lending to member banks was central to accomplishing that goal. In accordance with the \"real bills doctrine,\" of which Willis was a leading proponent, monetary policy would be appropriate if the Fed was permitted to lend only against certain classes of assets. But within a decade of its founding, the Fed shifted toward conducting monetary policy via outright purchases and sales of Treasury securities, as we do today, and over time, lending became entirely divorced from monetary policy. Nonetheless, the Fed's lending powers have persisted and have been used in ways Willis and the other founders likely never envisioned-or intended. This lending contributed to the most recent financial crisis, I would argue, by making our financial system more fragile. A reexamination of the origins of the Feďs lending authorities and the evolution of their use thus seems well warranted. Before I begin, I should note that the views I express are my own and might not be shared by my former colleagues in the Federal Reserve System.
Journal Article
Harold Innis in the New Century
The book is divided into three sections: \"Reflections on Innis\" provides a historical reassessment of Innis, \"Gaps and Silences\" considers the limitations of both Innis's thought and his interpreters, and \"Innis and Cultural Theory\" offers speculations on his influence on cultural analysis. The interpretations offered reflect the changing landscape of intellectual life as boundaries between traditional disciplines blur and new interdisciplinary fields emerge.
eBook
The Financial Biography of an Economist: Income, Saving, and Wealth (Mostly Pension Wealth)
In this paper we examine the consumption behavior of a single twentieth-century economist (Bodkin) over the course of his academic career. We find that the consumption behavior of Bodkin, a long-time student of the consumption function, does not conform to any of the standard models over the entire 1958–2000 period. Instead, we observe a shift from \"Keynesian\" to life-cycle behavior in response to a court decision that changed Bodkin's long-term employment income prospects, a finding that lends support to the arguments of Katona and Akerlof that the effect of psychological factors on consumption cannot be ignored.
Journal Article