Examining the Federal Reserve

A bstract . Vritz Redlich (1892–1978) played a leading role in the development of the analytic approach in history and in establishing the new institutional history that combines entrepreneurial and business historv and sociology. A member, in economics , of the German historical school, he spent 16 years in the chemical industry before the triumph of Nazism forced him to emigrate from Germany in 1936. After teaching at various colleges until 1942, he spent the rest of his life doing research in the libraries of Harvard University , producing several notable works in economic history , including a classical study of American banking, and pioneering in entrepreneurial history.