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    Essays on the Great Depression (Hardback) By (author) Ben Bernanke

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    DescriptionFew 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.


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  • Full bibliographic data for Essays on the Great Depression

    Title
    Essays on the Great Depression
    Authors and contributors
    By (author) Ben Bernanke
    Physical properties
    Format: Hardback
    Number of pages: 320
    Width: 152 mm
    Height: 229 mm
    Thickness: 25 mm
    Weight: 599 g
    Language
    English
    ISBN
    ISBN 13: 9780691016986
    ISBN 10: 0691016984
    Classifications

    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    B&T Modifier: Region of Publication: 01
    BIC subject category V2: KCZ
    B&T Modifier: Academic Level: 01
    B&T Modifier: Subject Development: 01
    B&T General Subject: 180
    B&T Modifier: Geographic Designator: 01
    BISAC V2.8: BUS069000
    LC subject heading:
    B&T Merchandise Category: UP
    BISAC V2.8: BUS023000
    B&T Approval Code: A45506000
    DC22: 338.5/42
    B&T Approval Code: A45454200
    DC21: 330.9730916
    LC subject heading:
    LC classification: HB3717 1929 .B365 2000
    Thema V1.0: KCZ
    Illustrations note
    48 tables, 11 line illus.
    Publisher
    Princeton University Press
    Imprint name
    Princeton University Press
    Publication date
    10 May 2000
    Publication City/Country
    New Jersey
    Review quote
    Bernanke is the master of applied microeconomics. Not only is he technically proficient but his ability to place his results in a larger macroeconomic context is unparalleled. -- Mark Toma Financial History Review
    Table of contents
    Preface vii PART ONE: OVERVIEW 3 1. The Macroeconomics of the Great Depression: A Comparative Approach 5 PART TWO: MONEY AND FINANCIAL MARKETS 39 2. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression 41 3. The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison - With Harold James 70 4. Deflation and Monetary Contraction in the Great Depressim An Analysis by Simple Ratios - With Ilian Mihov 108 PART THREE: LABOR MARKETS 161 5. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras - With James L. Powell 163 6. Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries 206 7. Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? - With Martin Parkinson 247 8. Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries - With Martin Parkinson 255 9. Nominal Wage Stickiness and Aggregate Supply in the Great Depression - With Kevin Carey 276 Index 303