Jumping the Abyss

In "Jumping the Abyss," Mark Wayne Nelson explores the impactful career of Marriner S. Eccles, a little-recognized yet pivotal figure in American economic history. Appointed by Franklin D. Roosevelt in 1934, this Republican businessman emerged as a champion for equitable wealth distribution and a transformative leader in mortgage reform. As head of the Federal Reserve, Eccles advocated for Keynesian policies that emphasized direct federal economic stimulus during the New Deal. This comprehensive analysis offers insights into the enduring economic issues shaped by Eccles's work, making it a significant contribution to the understanding of fiscal policy.