On December 28, 1948, the famed financier Winthrop Aldrich — who was then serving as president of the nation's largest bank, Chase National — addressed the first joint luncheon of the American Economic Association and the American Finance Association. The two groups — and, with them, the larger community of American economists — were struggling to find a way out of the seemingly endless economic state of emergency America had experienced in the prior two decades, and to shape a post-war approach to macroeconomic policy.
Source: http://www.realclearpolitics.com/2011/04/01/history039s_lessons_on_economic_recovery_252920.html
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