Journal of Economic Literature: Vol. 52 No. 2 - Book Review

JEL Volume. 52, Issue 2 | leftPrevious Review Next Review right

Expand

Quick Tools:

Print Article Summary
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)
Book(s) Reviewed

The Great Depression of the 1930s: Lessons for Today by Nicholas Crafts and Peter Fearon

Published By: Oxford and New York: Oxford University Press
ISBN: 978-0-19-966318-7
Date of Publication: 2013


Book Review Detail

Reviewed by: Matthew Jaremski of Colgate University
Review DOI: 10.1257/jel.52.2.535.r3
Review Pages: 540-41

Book Review Abstract

Matthew Jaremski of Colgate University reviews "The Great Depression of the 1930s: Lessons for Today", by Nicholas Crafts and Peter Fearon. The Econlit abstract of this book begins: "Fourteen papers present an introduction to the Great Depression as it affected the advanced countries in the 1930s. Papers discuss depression and recovery in the 1930s—an overview; the 1930s—understanding the lessons; Europe's Great Depression—coordination failure after the First World War; reparations, deficits, and debt default—the Great Depression in Germany; disintegration of the international economy between the wars; the political lessons of Depression-era banking reform; the banking panics in the United States in the 1930s—some lessons for today; can contractionary fiscal policy be expansionary?—consolidation, sustainability, and fiscal policy impact in Britain in the 1930s; U.S. monetary and fiscal policy in the 1930s; what was new about the New Deal?; labor markets in recession and recovery—the United Kingdom and the United States in the 1920s and 1930s; economic growth and recovery in the United States—1919–41; "blood and treasure''—exiting the Great Depression and lessons for today; and fetters of gold and paper. Crafts is Professor of Economic History and Director of the Economic and Social Research Council Research Centre, Competitive Advantage in the Global Economy, at the University of Warwick. Fearon is Emeritus Professor of Modern Economic History at the University of Leicester."


Book Review Full-Text Access



Book Review Authors

Matthew Jaremski of Colgate University


JEL Classifications

E32: Business Fluctuations; Cycles
E52: Monetary Policy
E62: Fiscal Policy
N10: Economic History: Macroeconomics and Monetary Economics; Growth and Fluctuations: General, International, or Comparative
N20: Economic History: Financial Markets and Institutions: General, International, or Comparative
N40: Economic History: Government, War, Law, and Regulation: General, International, or Comparative


Journal of Economic Literature


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

JEL Indexes (Members Only)


Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us