Currie, Lauchlin (19021993)

Roger Sandilands
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

At Harvard in the early 1930s Currie pioneered a monetary diagnosis of the 1929–32 collapse and placed blame on the Federal Reserve Board. As a prominent New Dealer at the Fed during 1934–9 he urged contra-cyclical monetary and fiscal activism. During 1939–45 he worked in Washington as President Roosevelt's economic adviser. After heading a World Bank mission to Colombia in 1949 he spent 40 years advising on national development there. He emphasized urban housing as a leading sector, based on an innovative housing finance system, and extended Allyn Young's ideas on macroeconomic increasing returns and endogenous growth.
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How to cite this article

Sandilands, Roger. "Currie, Lauchlin (1902–1993)." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 21 August 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_C000530> doi:10.1057/9780230226203.0353

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