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Download Understanding Economic Recovery in the 1930s: Endogenous Propagation in the Great Depression fb2, epub

by Frank G. Steindl

Download Understanding Economic Recovery in the 1930s: Endogenous Propagation in the Great Depression fb2, epub

ISBN: 0472113488
Author: Frank G. Steindl
Language: English
Publisher: University of Michigan Press (December 1, 2003)
Pages: 228
Category: Economics
Subcategory: Money
Rating: 4.4
Votes: 108
Size Fb2: 1741 kb
Size ePub: 1575 kb
Size Djvu: 1705 kb
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the 1929-33 contraction. In his new book Steindl runs two econometric models that

the 1929-33 contraction. In his new book Steindl runs two econometric models that. What caused the worldwide collapse in output from 1929 to 1933? Why was the recovery from the trough of 1933 so protracted for the . How costly was the decline in terms of welfare? Was the decline preventable? These are some of the questions that have motivated economists to study the Great Depression.

p. cm. Includes bibliographical references and index. ISBN 0-472-11348-8 (Cloth : alk. paper) 1. United States-Economic policy-To 1933.

The book describes at length the explanations of economists writing in the 1930s, as well as the views of economists and economic historians looking back . Steindl, Frank G. Monetary Interpretations of the Great Depression. Ann Arbor, MI: University of Michigan Press, 1995

The book describes at length the explanations of economists writing in the 1930s, as well as the views of economists and economic historians looking back at the decade. a tendency for real output growth to return to trend, also played an important role. Ann Arbor, MI: University of Michigan Press, 1995. David C. Wheelock is Assistant Vice President and Economist, Federal Reserve Bank of St. Louis.

Providing strong evidence for the role of the quantity of money in the revitalization, the author ultimately concludes that the seemingly robust monetary explanation of the recovery is deficient, as is any that relies principally on aggregate demand impulses.

Recovery in the 1930s : Endogenous Propagation in the Great Depression

Understanding Economic Recovery in the 1930s : Endogenous Propagation in the Great Depression.

The Journal of Economic History. Ann Arbor: University of Michigan Press, 2004. Supplementary materials. MICHAEL A. BERNSTEIN (a1). University of California, San Diego. Published online by Cambridge University Press: 31 January 2005.

Bernstein, Michael . 2004. All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. Understanding Economic Recovery in the 1930s: Endogenous Propagation in the Great Depression. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:64:y:2004:i:04:p:1144-1145 27. See general information about how to correct material in RePEc.

Frank Steindl asks why, despite much monetary work in the intervening years, it was not until . Professor Steindl goes on to explore in terms of the nature of scientific inquiry why the other interpretations did not anticipate Friedman and Schwartz.

Frank Steindl asks why, despite much monetary work in the intervening years, it was not until Friedman and Schwartz put forward their monetary interpretation of the depth of the Great Depression that the monetary approach was rescued from disrepute and established as one of the most widely held explanations for the Depression. To answer this question, the author explores the work of economists writing before Friedman and Schwartz.

Frank George Steindl, American economist, educator. Named Distinguished Lecturer, Mid-American State Universities Association, 1981-1982. Member school board St. Francis School, Stillwater, 1973-1977; scoutmaster Boy Scouts American, 1984-1986. Member American Economic Association, Southern Economic Assn (trustee 1989-1991), Midwest Economics Association (vice president 1974), Southwestern Economic Association (president 1974).

The Great Depression in Irving Fisher’s Work. History of Economic Ideas 11 (1): 151–167. Understanding Economic Recovery in the 1930s: Endogenous Propagation in the 1930s. Rostow, Walt W. 1940. Ann Arbor: University of Michigan Press.

Although much has been published about the economic downturn that began in mid-1929, very little has been written about the recovery from this cataclysmic period. Long, tortuous, and uneven as it was, there was indeed a recovery. In this important book, Steindl explores the much-neglected topic of the recovery, concentrating in particular on the macroeconomic developments responsible for the move back to a pre-Depression level economy.Providing strong evidence for the role of the quantity of money in the revitalization, the author ultimately concludes that the seemingly robust monetary explanation of the recovery is deficient, as is any that relies principally on aggregate demand impulses. An accurate understanding of this phenomenon must account for the inherent tendency of the economy to revert to its long-run high employment trend.Frank G. Steindl is Regents Professor of Economics and Ardmore Professor of Business Administration, Oklahoma State University.

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