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Understanding Economic Recovery in the 1930s
Frank George Steindl
其他書名
Endogenous Propagation in the Great Depression
出版University of Michigan Press, 2004
主題Business & Economics / Economic HistoryBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / GeneralBusiness & Economics / Economics / TheoryHistory / United States / GeneralHistory / United States / 20th CenturyHistory / Modern / 20th Century / GeneralHistory / Americas (North, Central, South, West Indies)Political Science / Public Policy / Economic Policy
ISBN97804721134840472113488
URLhttp://books.google.com.hk/books?id=8BIVjbcumuYC&hl=&source=gbs_api
EBookSAMPLE
註釋Although much has been published about the economic downturn that began in mid-1929, very little has been written about the recovery from this cataclysmic period. Long, tortuous, and uneven as it was, there was indeed a recovery. In this important book, Steindl explores the much-neglected topic of the recovery, concentrating in particular on the macroeconomic developments responsible for the move back to a pre-Depression level economy.
Providing strong evidence for the role of the quantity of money in the revitalization, the author ultimately concludes that the seemingly robust monetary explanation of the recovery is deficient, as is any that relies principally on aggregate demand impulses. An accurate understanding of this phenomenon must account for the inherent tendency of the economy to revert to its long-run high employment trend.
Frank G. Steindl is Regents Professor of Economics and Ardmore Professor of Business Administration, Oklahoma State University.