Journal Article

Long-term supply-side implications of the Great Depression

Leslie Hannah and Peter Temin

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 26, issue 3, pages 561-580
Published in print January 2010 | ISSN: 0266-903X
Published online January 2010 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/grq019
Long-term supply-side implications of the Great Depression

More Like This

Show all results sharing these subjects:

  • Economic Development and Growth
  • Public Economics
  • Political Economy
  • Public Policy

GO

Show Summary Details

Preview

We compare the experiences of the US and UK during and after the Great Depression, with particular attention to overall productivity growth, industrial organization, the growth of human capital, and protectionism. We discover many implications of the Great Depression experience and policies for post-war economic activities. We conclude that one should never waste a good crisis in the implementation of one’s own economic policies, labour-market policies should encourage the formation of human capital, and it is dangerous to assume that other countries will not change in an economic crisis.

Keywords: antitrust; tariffs; regulation; productivity; education; Depression; L53; N44; I28

Journal Article.  11665 words. 

Subjects: Economic Development and Growth ; Public Economics ; Political Economy ; Public Policy

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.