Kommentare zu: A different view of the Great Depression’s cause http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/ Notizen über Wirtschaft, Finanzen, Management und mehr Thu, 09 Oct 2025 13:01:47 +0000 hourly 1 https://wordpress.org/?v=5.0.25 Von: enigma http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/comment-page-1/#comment-2505 Thu, 22 Oct 2009 04:26:21 +0000 http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/#comment-2505 „With substantial depression in the industrial sector, why didn’t the normal forces of supply and demand operate to lower the wage and raise output and hours worked?“

Economists cite monetary contraction (Friedman and Schwartz, 1963) and banking panics (Bernanke, 1983) as important determinants of the Depression, but industry was significantly depressed before either of these factors was quantitatively important.

Vor 90 Jahren hätte man diesem Schmierfink in Deutschland den Kopf gewaschen, aber heute ist das Mainstream. Es bedarf schon einer Menge Geld, daß man sich damit beschäftigen würde, solch eine theoretische Vergewaltigung – selbst der klassischen Theorie – auseinanderzupflücken!

]]> Von: A different view of the Great Depression’s cause | Depression Knowledge Info Blog http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/comment-page-1/#comment-2502 Thu, 22 Oct 2009 01:28:32 +0000 http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/#comment-2502 […] Read the original here:  A different view of the Great Depression’s cause […]

]]> Von: A different view of the Great Depression’s cause http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/comment-page-1/#comment-2501 Thu, 22 Oct 2009 01:26:35 +0000 http://www.blicklog.com/2009/10/22/a-different-view-of-the-great-depressions-cause/#comment-2501 […] News Sources wrote an interesting post today onHere’s a quick excerptvon Lee E. Ohanian * What started the Great Depression? This column says that the industrial decline began before monetary contraction or banking panics – the conventional culprits – took hold. It attributes the massive drop in manufacturing hours to President Hoover’s labour policies, which kept nominal and real wages high. Our current crisis continues to draw parallels to the Great Depression ( Eichengreen and O’Rourke 2009 ) and has refocused attention on the 1930s. Several fea […]

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