Lessons from the Great DepressionMIT Press, 8 okt 1991 - 211 pagina's Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics. |
Inhoudsopgave
The Spoils of War The Cause of the Great Depression | 1 |
The Midas Touch The Spread of the Great Depression | 41 |
Socialism in Many Countries The Recovery from the Great Depression | 89 |
Underlying Models | 139 |
Underlying Regressions | 159 |
Notes | 165 |
| 169 | |
| 187 | |
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actions aggregate demand appendix argued Balderston bank failures Bank of England banking crisis banking panics basic IS-LM model Bernanke Borchardt Britain Brüning cause contraction cost countries crash currency decline deflation deflationary policies Depression dollar dynamics Economic History economic policy effect Eichengreen and Sachs equation exchange rate expansion expectations exports fall Federal Reserve System firms foreign France Friedman and Schwartz German economy gold standard high wages Hoover hyperinflation impulse income industrial inflation interwar investment IS-LM model Keynes Keynesian Kindleberger labor late lecture Lionel Robbins macroeconomic ment mixed economy monetary and fiscal monetary policy money supply Nazis nomic Overy percent policy regime policymakers political postwar pound prewar production rational expectations real wages recovery reduced Reichsbank relative prices reparations result rise Robbins Roosevelt's shock sion socialism socialist stock market Temin tion trade unemployment United variables vault cash workers world economy