This is 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. Temin finds parallels in recent history, in the the relentless deflationary course followed by the US Federal Reserve Board and the British government in the early 1980s, and in the adherence by the Reagan administration to policies generated by a discredited economic theory - supply-side economics.
"Peter Temin's lucid discussion rescues the history of the great world economic crisis from the fatalistic conservatism that has become so fashionable in recent years. The analysis is instructive both for those with little formal training in economics and for those with a sophisticated grasp of theory." Charles Maier , Harvard University
The spoils of war - the cause of the Great Depression; the midas touch - the spread of the Great Depression; socialism in many countries - the recovery from the Great Depression. Appendices: underlying models; underlying regressions.
Series: Lionel Robbins Lectures
For Ages: 18+ years old
Number Of Pages: 211
Published: 8th October 1991
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 20.3 x 14.2
Weight (kg): 0.23