The Great Depression of the 1930s: Lessons for Today

摘要

The Great Depression left an indelible mark on the world economy. Beyond the sudden decline and slow recovery of output and prices, nations were forced to reconsider their financial, fiscal, and trade policies going forward. Indeed, many economists blame the lack of experience and slow response of regulators for the depth of the Depression. Crafts and Fearon have taken on the challenge of not only explaining the details of the 1930s, but also forming recommendations for the Great Recession and future crises. To assist them, they have assembled one of the best collections of Great Depression scholars available. The book is not a collection of previously published papers.