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The Great Depression Revisited

Essays on the Economics of the Thirties

  • Herman van der Wee
Book

Table of contents

  1. Front Matter
    Pages I-X
  2. General Surveys

    1. Front Matter
      Pages 1-1
    2. Erling A. Erickson
      Pages 3-12
  3. Political Aspects of the Great Depression

    1. Front Matter
      Pages 43-43
    2. Fernand Baudhuin
      Pages 59-68
    3. J. Néré
      Pages 69-75
  4. Specific Economic Factors in the Great Depression

  5. Economic Effects of the Great Depression Outside the U.S.A. and Western Europe

  6. Social and Sociological Aspects of the Great Depression

    1. Front Matter
      Pages 247-247
    2. Jan Dhondt
      Pages 249-257
    3. R. Wagenführ, W. Voss
      Pages 258-268
    4. H. W. von der Dunk
      Pages 269-278
  7. Back Matter
    Pages 279-290

About this book

Introduction

For a quarter of a century the industrial Western world has been living in the euphoria of continuous improvements in welfare, based on economic programming, increasing integration and terms of trade which favor indus­ trial countries and discriminate against agricultural regions. It is true that recessions have periodically recurred during these years : time and again, however, government intervention succeeded in reducing them to mere "in­ ventory cycles". In contrast with the twenties and thirties, when economic policy in the West focused on fighting unemployment and stimulating investment, the postwar period has been characterized by a permanent concern to curb inflationary pressure, which was partly due to full-employ­ ment. The present welfare economy has given rise to a growth of the pro­ pensity to consume such that public policy has often been constrained to limit consumption and stimulate saving. In this new framework it has perhaps been forgotten that today's welfare owes much to the lessons from the past. The bitter world crisis experience of the thirties in particular has exerted a fruitful and decisive influence upon the search for means to prevent, eliminate or soften the cyclical fluctuations which the process of economic growth involves. Forty years after the out­ break of the greatest economic crisis ever, it seems useful to draw up the balancesheet of the lessons learned from it. There exists a large literature about the depression of the thirties.

Keywords

Germany USA Unemployment agriculture development economic growth economic policy economic theory economy employment growth inflation public policy trade welfare

Editors and affiliations

  • Herman van der Wee
    • 1
  1. 1.University of LouvainBelgium

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-010-9849-6
  • Copyright Information Springer Science+Business Media B.V. 1972
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-90-247-1340-0
  • Online ISBN 978-94-010-9849-6
  • Buy this book on publisher's site