Agriculture and Protectionsm in Chile, 1880–1930

1975 ◽  
Vol 7 (1) ◽  
pp. 45-58 ◽  
Author(s):  
Thomas C. Wright
Keyword(s):  
Great Depression ◽  
National Income ◽  
Half Century ◽  
The Great Depression ◽  
The Pacific ◽  
The Future ◽  
Alternative Sources ◽  
War Of The Pacific

In searching for the roots of Chile's persistent economic frustrations, numerous investigators have turned their attention to the period between the War of the Pacific and the Great Depression. During that half century Chile's elites enjoyed the bounty of the nitrate age but, perhaps lulled by the glowing trade statistics, generous fiscal revenues and general aura of prosperity which nitrates provided, neglected to develop alternative sources of national income for the future.

The Great Depression in Britain, 1873–1896: a Reappraisal

1959 ◽  
Vol 19 (2) ◽  
pp. 199-228 ◽  
Author(s):  
A. E. Musson
Keyword(s):  
Great Depression ◽  
National Income ◽  
Terms Of Trade ◽  
Quarter Century ◽  
General Picture ◽  
The Great Depression ◽  
Economic Position

It is nearly a quarter century since H. L. Beales produced his notable article on “The Great Depression.” Since then a great deal of work has been done on that period, especially by economists and statisticians, so that it is now possible to make a fuller assessment of the changes in Britain's economic position during those years. Most of this work has been in the form of specialized articles and books covering longer periods, on such subjects as national income, investment, or terms of trade, and there appears to be a need for some attempt at synthesis, especially as the various interpretations put forward are not always in agreement and are sometimes contradictory. It would be impossible, of course, in a mere article, to settle all the theoretical problems suggested by the facts or to resolve all the divergencies of opinion, but it is worth while to draw the evidence and opinions together in an effort to get a general picture.

The Pragmatic Basis of Keynes's Political Economy

1946 ◽  
Vol 6 (2) ◽  
pp. 121-152 ◽  
Author(s):  
Dudley Dillard
Keyword(s):  
Political Economy ◽  
Great Depression ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
John Maynard Keynes ◽  
The Great Depression ◽  
Widespread Adoption ◽  
The Future ◽  
History Of ◽  
Second World

Although we still live in the shadow of the years between the First and the Second World Wars, already it seems quite clear that future historians of economic thought will regard John Maynard Keynes as the outstanding economist of this turbulent period. As one writer has recently said, “The rapid and widespread adoption of the Keynesian theory by contemporary economists, particularly by those who at first were highly critical, will probably be recorded in the future history of economic thought as an extraordinary happening.” Book after book by leading economists acknowledges a heavy debt to the stimulating thought of Lord Keynes. The younger generation of economists, especially those whose thinking matured during the great depression of the thirties, have been particularly influenced by him.

Introduction

2011 ◽  
Author(s):  
Robert Wuthnow
Keyword(s):  
Social Change ◽  
Medical Research ◽  
Great Depression ◽  
Half Century ◽  
Elementary And Secondary Education ◽  
The Great Depression ◽  
The Social ◽  
The 1950S ◽  
Middle West ◽  
North And South

This book examines the resilience shown by the American Middle West—Iowa, Kansas, Nebraska, Minnesota, Missouri, North and South Dakota, Arkansas, and Oklahoma—despite going through profound social upheavals during the half century that began in the 1950s. It shows that the Middle West has undergone a strong, positive transformation since the 1950s—a time when many families were still recovering from the Great Depression. The transformation is surprising because it took place in the nation's heartland. The region's economy fared surprisingly well; agribusiness was flourishing; elementary and secondary education was among the best in the nation; the region was known for innovative medical research and biotechnology. The chapter suggests that one precondition for the social change that has happened in the Middle West is the fact that the region largely comprised rich land with vast potential for crops and livestock as well as mineral wealth.

Back to the future: Backtesting systemic risk measures during historical bank runs and the great depression

2020 ◽  
Vol 113 ◽  
pp. 105736 ◽  
Author(s):  
Christian Brownlees ◽  
Ben Chabot ◽  
Eric Ghysels ◽  
Christopher Kurz
Keyword(s):  
Great Depression ◽  
Systemic Risk ◽  
Risk Measures ◽  
Bank Runs ◽  
The Great Depression ◽  
The Future

scholarly journals The Paradox of Thrift: A Case Study of United States of America

2021 ◽  
Vol 04 (11) ◽  
Author(s):  
Mathias A. Chuba ◽  
Keyword(s):  
United States ◽  
Great Depression ◽  
United States Of America ◽  
National Income ◽  
Gross National Income ◽  
Domestic Saving ◽  
Annual Data ◽  
Consumption Expenditure ◽  
Final Consumption ◽  
The Great Depression

Vermann (2012) and Thies (1996)’s papers indicate that the paradox of thrift is no longer in vogue in United States of America (USA). This paper argues that the paradox of thrift is still applicable to USA even though she is operating with sufficient demand. The main objective of this paper is to determine whether the paradox of thrift is applicable to USA after the Great Depression. In doing this, a vector error correction model was estimated using annual data of gross national income, gross domestic saving, gross domestic investment and final consumption expenditure from 1971 to 2020. The results of the investigation showed that final consumption expenditure and gross domestic saving increase when gross national income increases. Gross national income falls and current saving is unchanged when previous saving rises. The paradox of thrift is applicable to USA after the Great Depression. The target of economic policy should be gross national income and not gross domestic saving because naturally both final consumption expenditure and gross domestic saving will increase if gross national income increases in USA.

6. Crisis? What crisis?

2015 ◽  
pp. 102-126
Author(s):  
James Fulcher
Keyword(s):  
Financial Crisis ◽  
Great Depression ◽  
Great Recession ◽  
17Th Century ◽  
Capitalist Society ◽  
The West ◽  
2008 Financial Crisis ◽  
Normal Part ◽  
The Great Depression ◽  
The Future

Is capitalism in a state of crisis? Crises are in fact a normal part of the functioning of a capitalist society. ‘Crisis? What Crisis?’ looks at crises in capitalism from ‘tulipomania’ in 17th-century Amsterdam through to the 2007–2008 financial crisis and ‘great recession’, the most serious crisis since the Great Depression of the 1930s. It considers the future of capitalism and argues that it may be shaped not by the institutions and structures of the static or declining countries of the West, but the countries of the East. It discusses whether there are alternatives to capitalism and argues that alternatives exist within capitalism rather than outside it.

Narrative Economics

2017 ◽  
Vol 107 (4) ◽  
pp. 967-1004 ◽  
Author(s):  
Robert J. Shiller
Keyword(s):  
Quantitative Analysis ◽  
Human Brain ◽  
Economic Impact ◽  
Great Depression ◽  
Great Recession ◽  
Economic Situation ◽  
Economic Fluctuations ◽  
The Great Depression ◽  
The Future ◽  
Political Economic

This address considers the epidemiology of narratives relevant to economic fluctuations. The human brain has always been highly tuned toward narratives, whether factual or not, to justify ongoing actions, even such basic actions as spending and investing. Stories motivate and connect activities to deeply felt values and needs. Narratives “go viral” and spread far, even worldwide, with economic impact. The 1920–1921 Depression, the Great Depression of the 1930s, the so-called Great Recession of 2007–2009, and the contentious political-economic situation of today are considered as the results of the popular narratives of their respective times. Though these narratives are deeply human phenomena that are difficult to study in a scientific manner, quantitative analysis may help us gain a better understanding of these epidemics in the future. (JEL D72, E32, G01, N10)

RECONSTRUCTION OF EXPORT SERIES FOR PERU BEFORE THE GREAT DEPRESSION

2018 ◽  
Vol 36 (3) ◽  
pp. 393-421 ◽  
Author(s):  
Luis Felipe Zegarra
Keyword(s):  
World War I ◽  
Sources Of Information ◽  
World War ◽  
Export Prices ◽  
Substantial Growth ◽  
The Great Depression ◽  
The Pacific ◽  
Complete Series ◽  
Current Value ◽  
War Of The Pacific

AbstractThis article discusses the available sources of information on the value and volume of Peru’s exports and estimates the current value of exports, the index of export prices and the quantum of exports using a wide variety of sources. By relying on several sources, I estimate the first complete series of the current value of exports for Peru for 1830-1930. Importantly, I adjust other studies’ estimates by taking into account the deficiencies of foreign sources and by distinguishing between exports of specie and of minerals. The estimations show that exports experienced substantial growth in the 1850s and 1860s, during the Guano Era. Exports stagnated in the 1870s and dropped during the War of the Pacific (1879-1883) before recovering in the late 19th and early 20th centuries, especially during World War I.

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