Rethinking The Great Depression

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Rethinking the Great Depression

Gene Smiley
Rethinking the Great Depression Book PDF

Author : Gene Smiley
Publisher : Ivan R. Dee
Page : 193 pages
File Size : 44,7 Mb
Release : 2002-07-15
Category : History
ISBN : 9781615780150

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Rethinking the Great Depression by Gene Smiley Pdf

The worldwide Great Depression of the 1930s was the most traumatic event of the twentieth century. It ushered in substantial expansions in the role of governments around the world, focused attention on social insurance, and for a time bolstered socialist economic ideas as a form of cure. Skepticism about the effectiveness of government withered as the free market failed, and it seems safe to say that Keynesian economics would not have flourished if the depression had not occurred. While this severe contraction has been extensively examined, we are just now—thanks to increasingly sophisticated analytical techniques—beginning to comprehend its causes and the reasons for the extremely slow recovery that occurred in the United States. Much of this analysis, though, remains in specialized studies that are visited mainly by economists and economic historians. In Rethinking the Great Depression, Gene Smiley draws upon this recent scholarship to present a clear and nontechnical analysis for the general reader. He explains the roots of the depression in the 1920s, the efforts of the New Deal to combat the economic crisis, and the legacy of these efforts in World War II and the postwar years. He offers new insights and some surprising conclusions: that the causes of the Great Depression lay in the dislocations caused by World War I and the attempt to reconstitute an international gold standard in the 1920s; that the New Deal, regardless of its good intentions, adopted misguided fiscal and monetary policies that prolonged the depression in the United States beyond what it should have been; that World War II, rather than stimulating an end to the depression, actually postponed a full recovery until 1946.

Evolution or Revolution?

Olivier Blanchard,Lawrence H. Summers
Evolution or Revolution Book PDF

Author : Olivier Blanchard,Lawrence H. Summers
Publisher : MIT Press
Page : 388 pages
File Size : 55,8 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9780262039369

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Evolution or Revolution? by Olivier Blanchard,Lawrence H. Summers Pdf

Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers

Rethinking Depression

Eric Maisel
Rethinking Depression Book PDF

Author : Eric Maisel
Publisher : New World Library
Page : 250 pages
File Size : 43,6 Mb
Release : 2012
Category : Medical
ISBN : 9781608680207

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Rethinking Depression by Eric Maisel Pdf

In a thought-provoking volume, the author critiques how the human condition has been monetized into the disease of depression and related “disorders” and offers a powerful new approach that updates the best ideas of modern psychology. Original.

Rethinking the Financial Crisis

Alan S. Blinder,Andrew W. Loh,Robert M. Solow
Rethinking the Financial Crisis Book PDF

Author : Alan S. Blinder,Andrew W. Loh,Robert M. Solow
Publisher : Russell Sage Foundation
Page : 375 pages
File Size : 46,8 Mb
Release : 2013-01-03
Category : Business & Economics
ISBN : 9781610448154

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Rethinking the Financial Crisis by Alan S. Blinder,Andrew W. Loh,Robert M. Solow Pdf

Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about the costs and benefits of financial innovation, about the efficiency of financial markets, and about the role the government should play in regulating finance? In Rethinking the Financial Crisis, some of the nation’s most renowned economists share their assessments of particular aspects of the crisis and reconsider the way we think about the financial system and its role in the economy. In its wide-ranging inquiry into the financial crash, Rethinking the Financial Crisis marshals an impressive collection of rigorous and yet empirically-relevant research that, in some respects, upsets the conventional wisdom about the crisis and also opens up new areas for exploration. Two separate chapters–by Burton G. Malkiel and by Hersh Shefrin and Meir Statman – debate whether the facts of the financial crisis upend the efficient market hypothesis and require a more behavioral account of financial market performance. To build a better bridge between the study of finance and the “real” economy of production and employment, Simon Gilchrist and Egan Zakrasjek take an innovative measure of financial stress and embed it in a model of the U.S. economy to assess how disruptions in financial markets affect economic activity—and how the Federal Reserve might do monetary policy better. The volume also examines the crucial role of financial innovation in the evolution of the pre-crash financial system. Thomas Philippon documents the huge increase in the size of the financial services industry relative to real GDP, and also the increasing cost per financial transaction. He suggests that the finance industry of 1900 was just as able to produce loans, bonds, and stocks as its modern counterpart—and it did so more cheaply. Robert Jarrow looks in detail at some of the major types of exotic securities developed by financial engineers, such as collateralized debt obligations and credit-default swaps, reaching judgments on which make the real economy more efficient and which do not. The volume’s final section turns explicitly to regulatory matters. Robert Litan discusses the political economy of financial regulation before and after the crisis. He reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which he considers an imperfect but useful response to a major breakdown in market and regulatory discipline. At a time when the financial sector continues to be a source of considerable controversy, Rethinking the Financial Crisis addresses important questions about the complex workings of American finance and shows how the study of economics needs to change to deepen our understanding of the indispensable but risky role that the financial system plays in modern economies.

Rethinking Capitalism

Michael Jacobs,Mariana Mazzucato
Rethinking Capitalism Book PDF

Author : Michael Jacobs,Mariana Mazzucato
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 46,7 Mb
Release : 2016-07-21
Category : Political Science
ISBN : 9781119311638

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Rethinking Capitalism by Michael Jacobs,Mariana Mazzucato Pdf

"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

Rethinking Home Economics

Sarah Stage,Virginia B. Vincenti
Rethinking Home Economics Book PDF

Author : Sarah Stage,Virginia B. Vincenti
Publisher : Cornell University Press
Page : 362 pages
File Size : 49,9 Mb
Release : 2018-07-05
Category : Social Science
ISBN : 9781501729942

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Rethinking Home Economics by Sarah Stage,Virginia B. Vincenti Pdf

Until recently, historians tended to dismiss home economics as little more than a conspiracy to keep women in the kitchen. This landmark volume initiates collaboration among home economists, family and consumer science professionals, and women's historians. What knits the essays together is a willingness to revisit the subject of home economics with neither indictment nor apology. The volume includes significant new work that places home economics in the twentieth century within the context of the development of women's professions. Rethinking Home Economics documents the evolution of a profession from the home economics movement launched by Ellen Richards in the early twentieth century to the modern field renamed Family and Consumer Sciences in 1994. The essays in this volume show the range of activities pursued under the rubric of home economics, from dietetics and parenting, teaching and cooperative extension work, to test kitchen and product development. Exploration of the ways in which gender, race, and class influenced women's options in colleges and universities, hospitals, business, and industry, as well as government has provided a greater understanding of the obstacles women encountered and the strategies they used to gain legitimacy as the field developed.

Capitalism at Risk

Joseph L. Bower,Herman B. Leonard,Lynn Sharp Paine
Capitalism at Risk Book PDF

Author : Joseph L. Bower,Herman B. Leonard,Lynn Sharp Paine
Publisher : Harvard Business Press
Page : 266 pages
File Size : 54,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781422130032

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Capitalism at Risk by Joseph L. Bower,Herman B. Leonard,Lynn Sharp Paine Pdf

Identifies ten potential dangers to the global market system, providing examples of companies that are thriving and describing how a businesses must develop corporate strategies that are innovative and strenghten institutions at community, national, and international levels.

Tumultuous Decade

Masato Kimura,Toshihiro Minohara
Tumultuous Decade Book PDF

Author : Masato Kimura,Toshihiro Minohara
Publisher : University of Toronto Press
Page : 329 pages
File Size : 47,5 Mb
Release : 2013-01-01
Category : Political Science
ISBN : 9781442612341

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Tumultuous Decade by Masato Kimura,Toshihiro Minohara Pdf

Featuring an interdisciplinary and international group of scholars, Tumultuous Decade examines Japanese domestic and foreign affairs between 1931 and 1941.

Rethinking Housing Bubbles

Steven D. Gjerstad,Vernon L. Smith
Rethinking Housing Bubbles Book PDF

Author : Steven D. Gjerstad,Vernon L. Smith
Publisher : Cambridge University Press
Page : 309 pages
File Size : 52,8 Mb
Release : 2014-05-12
Category : Business & Economics
ISBN : 9780521198097

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Rethinking Housing Bubbles by Steven D. Gjerstad,Vernon L. Smith Pdf

Steven D. Gjerstad and Nobel Laureate Vernon L. Smith demonstrate the critical role that household and bank balance sheets play in economic cycles.

The Great Depression

Michael A. Bernstein
The Great Depression Book PDF

Author : Michael A. Bernstein
Publisher : Cambridge University Press
Page : 292 pages
File Size : 42,5 Mb
Release : 1987
Category : Business & Economics
ISBN : 0521379857

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The Great Depression by Michael A. Bernstein Pdf

This 1988 book focusses on why the American economy failed to recover from the downturn of 1929-33.

Rethinking Macroeconomics

John F. McDonald
Rethinking Macroeconomics Book PDF

Author : John F. McDonald
Publisher : Taylor & Francis
Page : 259 pages
File Size : 53,5 Mb
Release : 2021-09-12
Category : Business & Economics
ISBN : 9781000434699

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Rethinking Macroeconomics by John F. McDonald Pdf

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today’s economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual.

The Midas Paradox

Scott B. Sumner
The Midas Paradox Book PDF

Author : Scott B. Sumner
Publisher : Unknown
Page : 0 pages
File Size : 48,7 Mb
Release : 2015
Category : Business & Economics
ISBN : 1598131508

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The Midas Paradox by Scott B. Sumner Pdf

Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus--the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking--by central bankers, legislators, and two presidents--especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867-1960, it is one of those rare books destined to shape all future research on the subject.

The Great Depression and the New Deal: A Very Short Introduction

Eric Rauchway
The Great Depression and the New Deal A Very Short Introduction Book PDF

Author : Eric Rauchway
Publisher : Oxford University Press
Page : 160 pages
File Size : 49,9 Mb
Release : 2008-03-10
Category : History
ISBN : 9780199716913

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The Great Depression and the New Deal: A Very Short Introduction by Eric Rauchway Pdf

The New Deal shaped our nation's politics for decades, and was seen by many as tantamount to the "American Way" itself. Now, in this superb compact history, Eric Rauchway offers an informed account of the New Deal and the Great Depression, illuminating its successes and failures. Rauchway first describes how the roots of the Great Depression lay in America's post-war economic policies--described as "laissez-faire with a vengeance"--which in effect isolated our nation from the world economy just when the world needed the United States most. He shows how the magnitude of the resulting economic upheaval, and the ineffectiveness of the old ways of dealing with financial hardships, set the stage for Roosevelt's vigorous (and sometimes unconstitutional) Depression-fighting policies. Indeed, Rauchway stresses that the New Deal only makes sense as a response to this global economic disaster. The book examines a key sampling of New Deal programs, ranging from the National Recovery Agency and the Securities and Exchange Commission, to the Public Works Administration and Social Security, revealing why some worked and others did not. In the end, Rauchway concludes, it was the coming of World War II that finally generated the political will to spend the massive amounts of public money needed to put Americans back to work. And only the Cold War saw the full implementation of New Deal policies abroad--including the United Nations, the World Bank, and the International Monetary Fund. Today we can look back at the New Deal and, for the first time, see its full complexity. Rauchway captures this complexity in a remarkably short space, making this book an ideal introduction to one of the great policy revolutions in history. About the Series: Oxford's Very Short Introductions offers concise and original introductions to a wide range of subjects--from Islam to Sociology, Politics to Classics, and Literary Theory to History. Not simply a textbook of definitions, each volume provides trenchant and provocative--yet always balanced and complete--discussions of the central issues in a given topic. Every Very Short Introduction gives a readable evolution of the subject in question, demonstrating how it has developed and influenced society. Whatever the area of study, whatever the topic that fascinates the reader, the series has a handy and affordable guide that will likely prove indispensable.

The Great Exception

Jefferson Cowie
The Great Exception Book PDF

Author : Jefferson Cowie
Publisher : Princeton University Press
Page : 286 pages
File Size : 50,7 Mb
Release : 2017-04-18
Category : History
ISBN : 9780691175737

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The Great Exception by Jefferson Cowie Pdf

How the New Deal was a unique historical moment and what this reveals about U.S. politics, economics, and culture Where does the New Deal fit in the big picture of American history? What does it mean for us today? What happened to the economic equality it once engendered? In The Great Exception, Jefferson Cowie provides new answers to these important questions. In the period between the Great Depression and the 1970s, he argues, the United States government achieved a unique level of equality, using its considerable resources on behalf of working Americans in ways that it had not before and has not since. If there is to be a comparable battle for collective economic rights today, Cowie argues, it needs to build on an understanding of the unique political foundation for the New Deal. Anyone who wants to come to terms with the politics of inequality in the United States will need to read The Great Exception.

Rethinking Money

Bernard Lietaer,Jacqui Dunne
Rethinking Money Book PDF

Author : Bernard Lietaer,Jacqui Dunne
Publisher : Berrett-Koehler Publishers
Page : 337 pages
File Size : 48,6 Mb
Release : 2013-02-04
Category : Business & Economics
ISBN : 9781609942984

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Rethinking Money by Bernard Lietaer,Jacqui Dunne Pdf

This study reveals how our monetary system reinforces scarcity, and how communities are already using new paradigms to foster sustainable prosperity. In the United States and across Europe, our economies are stuck in an agonizing cycle of repeated financial meltdowns. Yet solutions already exist, not only our recurring fiscal crises but our ongoing social and ecological debacles as well. These changes came about not through increased conventional taxation, enlightened self-interest, or government programs, but by people simply rethinking the concept of money. In Rethinking Money, Bernard Lietaer and Jacqui Dunne explore the origins of our current monetary system—built on bank debt and scarcity—revealing how its limitations give rise to so many serious problems. The authors then present stories of ordinary people and communities using new money, working in cooperation with national currencies, to strengthen local economies, create work, beautify cities, provide education, and more. These real-world examples are just the tip of the iceberg—over four thousand cooperative currencies are already in existence. The book provides remedies for challenges faced by governments, businesses, nonprofits, local communities, and even banks. It demystifies a complex and critically important topic and offers meaningful solutions that will do far more than restore prosperity—it will provide the framework for an era of sustainable abundance.