Essays on the Great Depression
Essays on the Great Depression is a broad view that shows us that while the Great Depression was an unparalleled disaster, some economies pulled up faster than others, and some made an opportunity out of it. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of the economic causes and worldwide propagation of the depression.
Table of Contents
Preface
Part One: Overview
The Macroeconomics of the Great Depression: A Comparative Approach
Part Two: Money and Financial Markets
Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression
The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison - With Harold James
Deflation and Monetary Contraction in the Great Depression And Analysis by Simple Ratios - With Ilian Mihov
Part Three: Labor Markets
The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras - With James L. Powell
Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries
Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? - With Martin Parkinson
Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries - With Martin Parkinson
Nominal Wage Stickiness and Aggregate Supply in the Great Depression - With Kevin Carey