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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Sandilands, R. (2018). Currie, Lauchlin (1902–1993). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_66
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DOI: https://doi.org/10.1057/978-1-349-95189-5_66
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