The Great Depression, 1929-1938: Lessons for the 1980sHoover Institution Press, 1984 - 134 pages Economists as diverse in approach as Lord Keynes and Milton Friedman have analyzed the causes of the Great Depression, and their answers have ranged from underconsumption to failings in monetary policy. In Part 1 of The Great Depression, Christian Saint-Etienne compares these theories with economic statistics for the interwar period and adds a further explanation: a collapse in international trade initiated by the Hawley-Smoot Tariff in the United States. Part 2 studies the economic history of the 1970s and the early 1980s to assess the likelhood of a depression in the 1980s. Among the author's recommendations for preventing a recurrence are free trade, reform of the international banking system, and coordination of the monetary policies of the major industrial nations. |
Contents
The Evolution and Causes of the Great Depression | 3 |
Interwar Monetary and Fiscal Policies in | 34 |
A Theoretical Appraisal of the Great Depression | 43 |
Copyright | |
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The Great Depression, 1929-1938: Lessons for the 1980s Christian Saint-Etienne No preview available - 1984 |
Common terms and phrases
adjustment annual authorities average banks billion borrowing Britain British budget capital causes Central Central Europe changes collapse comparative consequences credits crisis currency current account debt deficit demand deposits Depression devaluation dollars domestic early economic effect employment Europe evolution Expectations exports fall farm Federal Reserve fell financial system fiscal followed foreign France further Germany given gold groups growth half imports income increased industrial countries inflation institutions interest international economy international trade investment Italy Japan June lead limited major manufactures March markets monetary policy needs non-oil developing countries OECD output Paris payments percent percentage period political production quarter ratio reached real money balances reduced relative remained restrictive sector September share shock short-term SOURCE stabilized standard started Statistics stock of money structural supply Table tariff trade transfers uncertainty United Kingdom
References to this book
Australia in the Global Economy: Continuity and Change David Meredith,Barrie Dyster No preview available - 1999 |