Essays on the Great Depression by Ben S. Bernanke

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Synopsis

Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating.

This broad view 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.

 

About Ben S. Bernanke

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Ben S. Bernanke is chairman of the U.S. Federal Reserve. He has served as chairman of the President's Council of Economic Advisors and as a member of the Board of Governors of the Federal Reserve. Before his time in public service he was a professor of economics at Princeton University. His many books include "Essays on the Great Depression" and "Inflation Targeting" (both Princeton).
 
Published January 10, 2009 by Princeton University Press. 320 pages
Genres: Business & Economics, History. Non-fiction

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Huffington Post

(To make matters worse, Stiglitz was recently thrashed in the blogosphere for writing a piece attacking the 1% in a magazine that endlessly celebrates wealth.) Stiglitz has also not wrestled with these tangled issues of economic history in the past, and his thesis runs against the conventional ec...

Dec 21 2011 | Read Full Review of Essays on the Great Depression

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