Yeager, Leland Bennett - from United States

ID: 243832
Organization: MPS
Country of meeting: in the year 1957

Economist and an expert on monetary policy and international trade. He temporarily served as the Vice President of the Interlingua Institute from 1997 to 1998 after Deanna Hammond died. He has been a regular contributor to Liberty magazine and an occasional contributor to the "Mises Daily".

He was a Professor Emeritus at both Auburn University and the University of Virginia. His monetary writings have strongly opposed Keynesian orthodoxy and have emphasized the crucial role of money in business cycles.

His 1956 essay, "A Cash-Balance Interpretation of Depression" maintained that depression was caused by "an excess demand for money, in the sense that people want to hold more money than exists." In this, he was a member of the monetarist school exemplified by Milton Friedman.

Activities in the Orangization:
Life Member Directory-2010