The Great Depression of the 1930s
Lessons for Today
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Product details:
- Publisher OUP Oxford
- Date of Publication 28 February 2013
- ISBN 9780199663187
- Binding Hardback
- No. of pages474 pages
- Size 240x162x31 mm
- Weight 860 g
- Language English
- Illustrations 50 Figures, 33 Tables 0
Categories
Short description:
This book brings together contributions written by internationally distinguished economic historians. The editors explore the current fascination with the 1930s great depression, and link it with the great recession which began in 2007 and still poses a threat to economic stability.
MoreLong description:
Understanding the Great Depression has never been more relevant than in today's economic crisis. This edited collection provides an authoritative introduction to the Great Depression as it affected the advanced countries in the 1930s. The contributions are by acknowledged experts in the field and cover in detail the experiences of Britain, Germany, and, the United States, while also seeing the depression as an international disaster. The crisis entailed the collapse of the international monetary system, sovereign default, and banking crises in many countries in the context of the most severe downturn in western economic history. The responses included protectionism, regulation, fiscal and monetary stimulus, and the New Deal. The relevance to current problems facing Europe and the United States is apparent.
The chapters are written at a level which will be comprehensible to advanced undergraduates in economics and history while also being a valuable source of reference for policy makers grappling with the current economic crisis. The book will be of interest to modern macroeconomists and students of interwar history alike and seeks to bring the results of modern research in economic history to a wide audience. The focus is not only on explaining how the Great Depression happened but also on understanding what eventually led to the recovery from the crisis. A key feature is that every chapter has a full list of bibliographical references which can be a platform for further study.
This is not an ordinary edited volume. Every paper seems to have been specially written for it and fits the title. Each views an aspect of the interwar era in light of theoretical and policy issues related to our own post-2008 depression, and draws explicit lessons... the volume includes many of the best economic historians working on the interwar era, scholars worth reading... all of the papers are admirably up to date on the current macroeconomics literature, including recent attempts to accounts for events of the 1930s in terms of real business cycle and New Keynesian models. Monetary policy at the zero bound, hysteresis in the natural rate of unemployment, recovery from a financial crisis and regulatory reforms, the euro and the gold standard? These and many other topics are well-covered.
Table of Contents:
Depression and Recovery in the 1930s: An Overview
The 1930s: Understanding the Lessons
Europe's Great Depression: coordination failure after the First World War
Reparations, Deficits, and Debt Default: The Great Depression in Germany
Disintegration of the International Economy between the Wars
The Political Lessons of Depression-era Banking Reform
The Banking Panics in the United States in the 1930s: Some Lessons for Today
Can Contractionary Fiscal Policy be Expansionary? Consolidation, Sustainability, and Fiscal Policy Impact in Britain in the 1930s
US Monetary and Fiscal Policy in the 1930s
What was New about the New Deal?
Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA
Economic Growth and Recovery in the United States: 1919-1941
Blood and Treasure: Exiting the Great Depression and Lessons for Today
Fetters of Gold and Paper
