Unboxed – How Crisis Shapes the Corporate Model – NYTimes.com
Interesting article on economic crisis and changing corporate structures. For example, it describes how The Great Depression led to the creation of multi-divisional large corporations such as GE, GM,...
View ArticleKeynes Was Really A Conservative, Not a Socialist
Bruce Bartlett sets the history straight. Contrary to today’s populist political rhetoric from right-wing, so-called conservative politicians, Keynes, and Keynesian economics is anything BUT...
View ArticleBanks Failures: The 1920’s and The Great Depression
From the FDIC (Federal Deposit Insurance Corp.) itself, a great brief history of banking failures in the 1920’s and the Great Depression. see: FDIC: Managing the Crisis: The FDIC and RTC Experience....
View ArticleIncome Inequality and Financial Crisis
The Great Recession of 2007-9, like the Great Depression in 1929-33, was triggered by a massive financial crisis: stock market crash, falling asset prices, bank failures, and liquidity crisis. One of...
View ArticleWhat to Call This Unpleasantness? Little Depression or Workers’ Depression?
Brad Delong has had enough. So have I. “The Little Depression” Back in late 2008 people asked me: is this a recession or a depression? I said that I would call it a depression if the unemployment rate...
View ArticleLearning From the Past – Or Maybe Not.
It looks like we are going to repeat the past. In this case, it’s 1937. In 1937 the general discussion in U.S. politics had turned to concerns about debt and deficits. The conservative view that...
View ArticleThe Economy Has Caused Riots Before – In the Great Depression
Washington’s Blog reminds us that things got ugly during the last prolonged depression in the United States. This interesting historical footage from the Great Depression shows what happens when large...
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