Penn State

Patrick J. Cusatis - associate professor of finance, Penn State Harrisburg

Book Title: The Federalist Papers

Author: Alexander Hamilton, James Madison, and John Jay

Book Description:

As a former investment banker, I have always had great admiration for Alexander Hamilton as a Founding Father, the first U.S. Secretary of the Treasury, and economist. The Federalist Papers is one of the most important and influential books in American history. The authors had tremendous foresight as they established the framework for our country. I think one of the most impressive and important essays is The Federalist No. 10 in which James Madison explains why a Republic is more likely to succeed than a Democracy. It was the critical thinking of people like Alexander Hamilton, James Madison, and John Jay that allowed our capital markets to develop and interstate commerce to persist, and led to the prosperity of our great nation.

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