forbes.com - 12/5/2008
—
The government should spend on stuff, not on bad assets.
krugman.blogs.nytimes.com - 11/29/2008
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krugman.blogs.nytimes.com —
Sins of omission? Has anyone else noticed that
the current crisis sheds light on one of the...
great controversies of economic history? A central theme of Keynes's General Theory was the impotence of monetary policy in depression-type conditions. But ...
(more)
Was the Great Depression a monetary phenomenon?
online.wsj.com - 11/29/2008
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online.wsj.com —
Paul Krugman of the New York Times has
been on the attack lately in regard to the...
New Deal. His new book "The Return of Depression Economics," emphasizes the importance of New Deal-style spending. He has said the trouble with the New Deal was that it ...
(more)
The Krugman Recipe for Depression
latimes.com - 12/1/2008
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latimes.com —
A decade ago, Paul Krugman wrote a little
book warning us that economists' triumphalism was misplaced --...
that advances in economic knowledge and economic policy had not, after all, banished the prospect of big depressions from the global economy. ...
(more)
'The Return of Depression Economics and the Crisis of ...
Comments
Blog Reactions
Bruce Bartlett Asks: "What Would Keynes Do?"
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... What Would Keynes Do?: Every day that goes by makes clearer the parallels between the current financial crisis and the one that led to the Great Depression. Then, as now, the core problem was... falling prices... fixing it will require more than just low interest rates. This was the key insight of British economist John Maynard Keynes.... ...
What Would Keynes Do?
The Big Picture —
What Would Keynes Do?
Bruce Bartlett, 12.05.08, 12:01 AM EST
The government should spend on stuff, not on bad assets.
~~~~
Every day that goes by makes clearer the parallels between the current financial crisis and the one that led to the Great Depression. Then, as now, the core problem was one of deflation, or falling prices. But fixing it will require more than just low interest rates. This was the key insight of British economist John Maynard Keynes, whose theories finally explained how to end the Great Depression. They may be the ...
The General Theory
MV=PQ: A Resource for Economic Educators —
... And here's an interesting op-ed about deflation that appeared in Forbes magazine. It mentions Keynes prominently and discusses his views. ...
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foreignpolicy.com 3/30/2009 — 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 ...
The Not-So-Great Depression
online.barrons.com 2/28/2009 — THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME something of a staple of economic utterance these days, enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ...
Paul Krugman: Fighting Off Depression
economistsview.typepad.com 1/5/2009 — Will Congress do what's needed to stop the economy's downward spiral? (Related:
Obama
Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics
worried that he was too focused on government spending." Guess who the ...
Depression analogies
krugman.blogs.nytimes.com 11/23/2008 — Zero bound worries
Daniel Gross pushes back against analogies with the Great Depression:
Instead of workers with 5 o'clock shadows asking, "Brother, can you spare a dime?" we have clean-shaven financial-services executives asking congressmen if they ...
Not the Great Depression 2.0
dmarron.com 5/29/2009 — UPDATE: Please see two related posts: “The Long U” and “A Plane Crash Averted?”
The Great Depression was an unspeakably bad time for the U.S. economy. I know that sounds obvious, but it seems necessary to say given all ...
Five Myths About the Great Depression
online.wsj.com 11/4/2008 — The current financial crisis has revived powerful misconceptions about the Great Depression. Those who misinterpret the past are all too likely to repeat the exact same mistakes that made the Great Depression so deep and devastating. Here are five ...
My Senior Seminar on the Great Depression
austrianeconomists.typepad.com 1/20/2009 — In what was either blind luck or remarkable foresight, over a year ago, I agreed to teach a senior seminar this spring, and I decided to do it on the Great Depression. With the events of the last few months, that has turned out to be a very timely ...
"A Second Great Depression is Still Possible"
economistsview.typepad.com 10/14/2009 — Let's hope Thomas Palley, who says "a second Great Depression remains a real
possibility," is wrong. My best guess is that he is (though I don't expect a quick recovery, particularly for labor). But I suppose I " should
never ...
World Economy Falling Faster Than in 1929-1930
nakedcapitalism.com 4/7/2009 — Barry Eichengreen, an expert on the Great Depression, and Kevin O'Rourke, take issue with the notion that the current downturn is less severe than the Great Depression. While the slump in the US is not as bad, that mis-states the global picture. ...
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