1899 - 1946
Henry Calvert Simons American Economist
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Henry Calvert Simons is a member of the following lists: 1899 births, Columbia University alumni and People from Illinois.
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Details
| First Name |
Henry
|
| Middle Name |
Calvert
|
| Last Name |
Simons
|
| Birthday |
9th October, 1899
|
| Birthplace |
Virden, Illinois
|
| Died |
19th June, 1946
|
| Zodiac Sign |
Libra
|
| Nationality |
American
|
| Occupation |
Economist
|
Henry Calvert Simons (; October 9, 1899 – June 19, 1946) was an American economist at the University of Chicago. A protégé of Frank Knight, his antitrust and monetarist models influenced the Chicago school of economics. He was a founding author of the Chicago plan for monetary reform that found broad support in the years following the 1930s Depression, which would have abolished the fractional-reserve banking system, which Simons viewed to be inherently unstable. This would have prevented unsecured bank credit from circulating as a "money substitute" in the financial system, and it would be replaced with money created by the government or central bank that would not be subject to bank runs.
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