Department of Economics
Rutgers University
New Brunswick, NJ 08903-5055

28 Suffolk Lane
Princeton Jct. NJ
08550

908-932-7857  Office
908-932-7363  Department Secretary
rockoff@econ.rutgers.edu E-mail
 

TEACHING POSITIONS:

1993-Present--Full Professor (II), Rutgers University, New Brunswick, NJ.
1983-1993--Full Professor (I),     "
1976-1983--Associate Professor,    "
1971-1976--Assistant Professor,    "
1970-1971-Instructor, Chicago State University, Chicago, IL.
 

Academic Degrees:

B.A. Earlham College, 1967, (Phi Beta Kappa)
M.A. University of Chicago, 1969
Ph.D. University of Chicago, 1972
 

PUBLICATIONS:

Books

with Gary Walton, History of the American Economy,
(a) sixth edition, Harcourt, Brace, Jovanovich, 1990;
(b) seventh edition, Dryden, 1994;
(c) eighth edition, Dryden, 1997.

with Geofrey Mills, eds.,  Sinews of War:  Essays on the Economic History of World War II and its Aftermath, (Iowa State University Press, 1993), 284 pp.

Price Controls, ed., (Edward Elgar Publishing Ltd, 1992).

with Claudia Goldin, eds., Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel, (University of Chicago Press, 1992), 491 pp.

Drastic Measures:  A History of Wage and Price Controls in the United States, (Cambridge University Press, 1984), 289 pp.

The Free Banking Era:  A Re-Examination, (Arno Press, 1975)
 
 

 Chapters and Encyclopedia Articles

"Disciplinary Views of War: Economics" forthcoming in The Oxford Companion to American Military History, ed. John Chambers.

"The United States: from ploughshares to swords" in Mark Harrison, ed. The Economics of World War II: Six Great Powers In International Comparison. Cambridge: Cambridge University Press, 1998, pp. 81-121.

"The Crisis of 1857." In the Business Cycles and Depressions: An Encyclopedia, ed., David Glasner, 128-131. New York, Garland Publishing Inc., 1997.

"Price and Production Controls in World War II." Forthcoming in a volume of essays commemorating World War II, edited by Gregory Foster.

"Money, Banking, and Inflation: an Introduction for Historians." In Economics and the Historian, ed. Thomas Rawski. Berkeley: University of California Press, 1996, pp. 177-208.

"A Tale of Two Dollars: Currency Competition and the Return to Gold" with Robert Greenfield, in Money and Banking: The American Experience, George Mason University Press, 1995, pp. 207-220.

"A Comparison of the United States and Canadian Banking Systems in the Twentieth Century," with Michael D. Bordo and Angela Redish in Anglo-American Financial Systems, eds. Michael D. Bordo and Richard Sylla. Burr Ridge, NJ: Irwin Professional Publishing, 1996, 11-40.

"Banking and Finance, 1789-1914" forthcoming in the Cambridge Economic History of the United States, edited by Stanley Engerman and Robert Gallman.

"Clearinghouse Associations" forthcoming in the Handbook of American Business History, edited by David O. Whitten.

"Price Controls" in the Fortune Encyclopedia of Economics, edited by David Henderson (New York: Warner Books, 1993), pp. 416-420.

"Wage and Price Controls: The American Experience," in Second Thoughts: The Lessons of Economic History, (New York:  Oxford University Press, 1993), pp. 132-135, edited by Donald McCloskey.

"The First and Second Banks of the United States," Vol. II, 106-107, "Gold Supply," Vol. II, pp. 271-272, "Land Backed Currency, Vol. II, pp. 562-563 "Oz," Vol. III, 807, "Wildcat Banking," Vol. III, pp. 802-803, in The New Palgrave Dictionary of Money and Finance, John Eatwell, Murray Milgate, Peter Newman, eds., (London:  The Macmillan Press, Ltd., 1992).

with Howard Bodenhorn, "Regional Interest Rates in Antebellum America," in Strategic Factors in American Economic History: A Volume to Honor Robert W. Fogel, edited with Claudia Goldin (University of Chicago Press, 1992).

"Lessons from the American Experience with Free Banking" in Unregulated Banking: Chaos or Order?, edited by Forrest Capie and Geofrey Wood (London: Macmillan Academic and Professional Ltd. 1991).

"A Note on the Contribution of Anna J. Schwartz to pre-1867 monetary history," in Essays in Honor of Anna J. Schwartz, edited by Michael Bordo. (1989)

"Postwar Planning in the United States,"  with Geofrey Mills, in Economic Planning in the Post-1945 Period, edited by Erik Aerts and  Alan S. Millward (Leuven, Belgium: Leuven University Press, 1990).

"Free Banking and Wildcat Banking" in The Encyclopedia of American Economic History (Columbia, South Carolina: Bruccoli Clark Layman Inc., 1990): 202-205.

"Suffolk System" in The Encyclopedia of American Economic History (Columbia, South Carolina: Bruccoli Clark Layman Inc., 1990): 453-454.

"The End of the Great Depression in the United States  and the United Kingdom" (with Geofrey Mills) in The Impact of the Depression of the 1930's and Its Relevance for the Contemporary World, edited by Ivan T. Berend and Knut Borchardt, Budapest, Karl Marx University, 1986, pp. 393-408.

"Walter Bagehot and the Theory of Central Banking."  In Financial Crises and the World Banking  System, edited by Forrest Capie and Geofrey Wood, New York, The Macmillan Press Ltd., 1986.

"Some Evidence on the Real Price of Gold, Its Cost of Production and Commodity Prices" and "Reply to Barro," in A Retrospective on the Classical Gold Standard, 1821-1931, edited by Michael D. Bordo and Anna J. Schwartz, Chicago, University of Chicago Press for the  NBER, 1984.

with Geofrey T. Mills, "Business Attitudes towards Wage and Price Controls in World War II" (with Geofrey T. Mills), Business and Economic History (Second Series, volume 12, 1983), pp. 146-157.

"The Money Supply" in the Encyclopedia of American Economic History, edited by Glenn Porter, New York, Charles Scribner's Sons, 1980, Vol. 1, pp. 424-438.

"Banking in the South" in the Encyclopedia of Southern History edited by Robert W. Twyman and David C. Rolles, Louisiana State University Press, 1979, pp. 101-102.
 
"Money, Prices and Banks in the Jacksonian Era," in the  Re-Interpretation of American Economic History, edited by Robert W. Fogel and Stanley Engerman (New York: Harper & Row, 1971), pp. 448-458.

 Journal Articles

“World War II and the Growth of the U.S. Federal Government,” Japan and the World Economy 11 (1999): 245-62.

"The Peace Dividend in Historical Perspective." Forthcoming in the American Economic Review, Papers and Proceedings, June 1998

"A Comparison of the Stability and Efficiency of the Canadian and American Banking Systems, 1870-1925," with Michael D. Bordo and Angela Redish, Financial History Review 3 (April 1996): 29-48.

"The Gold Standard as a 'Good Housekeeping Seal of Approval,' with Michael Bordo, The Journal of Economic History 56 (June 1996): 389-428.

"Yellowbacks Out West and Greebacks Back East: Social-Choice dimensions of Monetary Reform," with Robert Greenfield, Southern Economic Journal 62 (April 1996): 902-915.

"Gresham's Law in Nineteenth Century America,"  with Robert Greenfield, Journal of Money, Credit, and Banking. 27(4), Pt. 1, November 1995: 1086-98.

"The U.S. Banking System from a Northern Exposure: Stability Versus Efficiency," with Michael Bordo and Angela Redish, The Journal of Economic History 54 (June 1994): 325-341.

"Geshicte der US-amerikanischen Sparbanken und Bausparinstitute" (A History of Savings Institutions in the United States), Bank-Historisches Archiv, 19 (December 1993): 108-35.

"History and Economics," Social Science History 15 (Summer 1991): 239-64. A revised version, under the same title, was published in Engaging the Past, Eric H. Monkkonen, ed., (Durham: Duke University Press, 1994), 48-76.

"The Wizard of Oz as a Monetary Allegory" Journal of Political Economy 98 (August 1990): 739-60. Reprinted in Readings in American Economic History, eds. Robert Whapples and Diane Betts (Cambridge: Cambridge University Press, 1995).

with Geofrey Mills, "Compliance with Price Controls in the United States and the United Kingdom During World War II" (with Geofrey Mills), Journal of Economic History 47 (March 1987): 197-213. Reprinted in Larry Neal, ed., War Finance (Cheltenham, U.K.: Edward Elgar Publishing, Ltd., forthcoming).

"New Evidence on Free Banking in the United States," American Economic Review 76 (September 1986): 886-889. Reprinted in Free Banking, edited by Lawrence H. White (Edward Elgar Publishing Ltd., 1993).

"Institutional Requirements for a Stable Free Banking Regime," Cato Journal (Fall 1986):  617-634.

"The Origins of the Federal Budget," Journal of Economic History 44 (June 1985), pp. 377 - 382.

"Price and Wage Controls in Four Wartime Periods," Journal of Economic History 41 (June 1981), pp. 381- 401. Reprinted in Robert F. Himmelberg, ed., Business and Government in America Since 1870, volume 7, (Hamden, CT: Garland Publishing Inc., forthcoming)

"The Response of the Giant Corporations to Wage and  Price Controls in World War II,"  Journal of Economic History, 41 (March 1981), pp. 123-128. Reprinted in Robert F. Himmelberg, ed., Business and Government in America Since 1870, volume 7, (Hamden, CT: Garland Publishing Inc., forthcoming).

"Indirect Price Increases and Real Wages During World War II,"  Explorations in Economic History, 15 (October 1978), pp. 407-420.

"Regional Interest Rates and Bank Failures, 1870-1914," Explorations in Economic History, 14 (Winter, 1977), pp. 90-95.

with Roger Hinderliter, "Banking Under the Gold Standard:  An analysis of Liquidity Management in the Leading Financial Centers", with Roger Hinderliter, Journal of Economic History,  xxxvi (June 1976), pp. 379-398.

with Allan Mendelowitz, "The Municipal Bond Auction: An Alternative View," with Allan Mendelowitz, National Tax Journal, xxiv (March 1976), pp. 41-46.

"Varieties of Banking and Regional Economic Development in the United States, 1840-1860," The Journal of Economic History, vol. xxxv (March 1975), pp. 160-181.
 
"The Free Banking Era: A Re-Examination," Journal of Money, Credit and Banking, May 1974, pp. 141-173.
 
with Roger Hinderliter, "The Management of Reserves by Antebellum Banks in the Eastern Financial Centers", with Explorations in Economic History, Fall 1973, pp. 37-53.

"American Free Banking Before the Civil War:  A Re- Examination," Journal of Economic History, 32 (March 1972), pp. 417-420.
 

 Book Reviews

Enid Barnett, The Keynesian Arithmetic in War-Time Canada: Development of the National Accounts, 1939-1945 (Kingston, Ontario: Harbinger House Press, 1998, Pp. 98) forthcoming in Economic History Review.

Beating Plowshares into Swords: The Political Economy of American Warfare, 1606-1865. By Paul A. C. Koistinen (Lawrence, University of Kansas Press, 1996). Journal of Interdisciplinary History (autumn 1998): 307-08.

 Goldbugs and Greenbacks: The Antimonopoly Tradition and the Politics of Finance in America, 1865-1896. Gretchen Ritter. New York: Cambridge University Press, 1997. Forthcoming Journal of Economic Literature.

BFGoodrich: Tradition and Transformation, 1870-1995. Blackford, Mansel G., and K. Austin Kerr. Columbus: Ohio State Review of: Goldbugs and Greenbacks: The Antimonopoly Tradition and the Politics of Finance in America, 1865-1896. Gretchen Ritter. New York: Cambridge University Press, 1997., 1996. Forthcoming, Journal of Economic History.

Designs Within Disorder: Franklin D. Roosevelt, The Economists, and the Shaping of American Economic Policy, 1933-1945. Barber, William J. Cambridge University Press 1996. Forthcoming, Journal of the History of Economic Thought.

Ian Simpson Ross, The Life of Adam Smith. (Oxford: Clarendon Press, 1995.) University of Toronto Quarterly, Volume 67, Number 1, Winter 1997-1998, pp. 215-17.

Ruth Dudley Edwards, The Pursuit of Reason: The Economist, 1843-1993. (Boston: Harvard Business School Press, 1995.) Journal of Economic History, March 1997, pp. 222-23.

Wyatt C. Wells, Economist in An Uncertain World: Arthur F. Burns and the Federal Reserve, 1970-1978. (New York: Columbia University Press, 1994).  American Historical Review, June 1996, 935-36.

Youssef Cassis, City Bankers, 1890-1914 (Cambridge University Press, 1994). forthcoming The Journal of Economic History.

California Bankers, 1848-1993, by Lynne Pierson Doti and Larry Schweikart (Needham Heights, MA: Ginn Press, 1994), Financial History Review, April 1996, pp. 103-04

Naomi R. Lamoreaux,Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England, Journal of American History, December 1995, pp. 1200-1201.

Modernization of the American Stock Exchange, 1971-1989, by Stuart Bruchey, The Journal of American History, September 1993, 754-55.

The Risk of Economic Crisis, edited by Martin Feldstein, Journal of Economic Literature, (December 1992):2145-46.

Elusive Stability: Essays in the History of International Finance, 1919-1969, by Barry Eichengreen, The Journal of Interdisciplinary History, June 1992, 215-217.

Enterprise: The Dynamic Economy of a Free People, by Stuart Bruchey, Business History Review, Summer 1991, pp. 420-22.

Free Banking and Monetary Reform, by David Glasner, Journal of Economic History, March 1991, pp. 262-63.

Cross of Gold: Money and the Canadian Business Cycle, 1867-1913, by George Rich, Cato Journal, Fall 1990, pp. 609-11.

Crisis and Leviathan: Critical Episodes in the Growth of the American Government, by Robert Higgs, Economic History Review, (November, 1988):665-66.

U.S. National Economic Policy, 1917-1985, by Anthony Campagna, Journal of American History,(September, 1988):652.

Money in Historical Perspective: Anna J. Schwartz, edited by Michael D. Bordo and Milton Friedman, Journal of Economic History, September 1988, pp. 804-805.

Quantity and Quiddity: Essays in U.S. Economic History, edited by Peter Kilby, Journal of Economic Literature, September 1988, 1182-1183.

Citibank, by Harold Van B. Cleveland, Thomas Huertas, et. al., American Historical Review, October 1987, 1025-1026.

Origins of the Federal Reserve System, by James Livingston, Journal of American History, (March, 1987):1051.

The Black Economy in England Since 1914. by Edward Smithies, Journal of Economic History (June 1987), p. 533.

The U.S. Economy in World War II, by Harold Vatter, Journal of Economic History, (September, 1986):876-77.

The Crash and Its Aftermath: A History of Securities Markets in the United States, 1929 -1933, by Barrie A. Wigmore, Business History Review, (Winter 1986), pp. 665-667.

Financial Crises: Theory, History, and  Policy, edited by Charles P. Kindleberger and Jean  Pierre Laffargue, Journal of Money, Credit and Banking, August 1984, pp. 388-390.

Problem and Failed Institutions in the Commercial Banking Industry, by Joseph Sinkey, Jr., Business History Review, 55 (March 1981), pp. 553-54.

The Failure of the Franklin National Bank: Challenge to the International Banking System, by Joan Edelman Spero, Journal of Economic History, XL (December 1980), pp. 915-16.

The Origins of Central Banking in the United  States by Richard H. Timberlake, Journal of Economic  History 39 (December 1979), pp. 1070-71.

Money and Politics in America, 1755-1775, by Joseph Albert Ernst, Annals of the American Academy of Political and Social Science, 414 (July 1974), pp. 221-22.

Finance and Economic Development in the Old  South by George Green, Journal of Economic History, xxxiii (June 1973), pp. 482-83.

Monetary Statistics of the United States: Estimates, Sources, Methods by Milton Friedman and Anna  Jacobson Schwartz, Business History Review, 45 (Autumn 1971), pp. 377-379.

 
 Conference presentations, lectures

“How Long Did it Take the United States to Become an Optimal Currency Area?” NBER Summer Institute, DAE, Cambridge MA, July 14, 1999.

"The Paradox of Planning in World War II," economic history seminar, Indiana University, March 13, 1997

 Working Papers

"From Plowshares to Swords: The American Economy in World War II" NBER, DAE Working Paper, 77, December 1995.

"The Origins of the Usury Provision of the National banking Act"

"Selective Price controls in two Wartime Periods"

"The Growth of the Federal Bureaucracy"

Journals Served As Referee:

 Journal of Economic Education
 Journal of Economic History (board of editors)
 Manhattan College Journal of Business (board of editors)
 Economic Inquiry
 Eastern Economic Journal
 Explorations in Economic History (board of editors)
 Journal of Political Economy
 Quarterly Journal of Economics
 American Economic Review
 Journal of International Money and Finance
 Journal of Money, Credit, and Banking
 Journal of Law and Economics