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VoxEU.org - 4/6/2009

The world economy is tracking or doing worse than during the Great Depression

— VoxEU.org — Barry Eichengreen , Kevin H. O’Rourke , 6 April 2009 Often cited comparisons – which look only... at the US – find that today’s crisis is milder than the Great Depression. In this column, two leading economic historians show that the world economy is ... (more) The world economy is tracking or doing worse than during ...

Commodities

Depression

Kevin H. O'Rourke

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5

nytimes.com - 4/10/2009

Op-Ed Columnist - Making Banking Boring

— nytimes.com — Thirty-plus years ago, when I was a graduate student in economics, only the least ambitious of my... classmates sought careers in the financial world. Even then, investment banks paid more than teaching or public service — but not that much more, and ... (more) Op-Ed Columnist - Making Banking Boring

Commodities

Universal Banking

Depression

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2

foreignpolicy.com - 3/30/2009

N/A

— foreignpolicy.com — I n the Great Depression, as in the current economic crisis, the downturn was particularly severe because... of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the ... (more) N/A

Commodities

Comments vote downundo vote up Paul Kedrosky's Infectious Greed found this 3/30/2009found this

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What to do about the economy
The Emirates Economist — Don't just stand there. Do nothing! Item 1: The 1930s would have been a better economic decade had government policy promoted competition in product and labor markets, rather than adopting policies that extended monopoly in product markets, and that set wages above competitive levels which prevented labor markets from clearing.Item 2: Why was that slump, over and done with by 1922, so much shorter than the following decade’s? Well, for starters, he said, President Woodrow Wilson suffered an incapacitating stroke at the end of ...

APEE Conference and Roundup
Division of Labour — ... .) 5. Polticians as menus costs: Greg Mankiw points to Lee Ohanian's research on Hoover's rigid wage policy's role in worsening the Great Depression. Yet another reason to debunk the high school history version of the Great Depression. [image]