scholarly journals Kako se nositi s ekonomskom depresijom: iskustvene i teorijske lekcije Velike depresije

2016 ◽  
Vol 10 (4) ◽  
pp. 1005
Author(s):  
Ognjen Radonjić
Keyword(s):  
Great Depression ◽  
Euro Area ◽  
Debt Crisis ◽  
Free Market ◽  
Conventional Wisdom ◽  
Economic Policies ◽  
The Great Depression

The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials to look at the problem from a different perspective since it is apparent that the economic orthodoxy and economic policies supported by its conventional wisdom do not provide desired results. Roosevelt’s fiscal activism and Keynes’ revolutionary theory deliver an answer to the question of why is, in crisis periods, vigorous reaction of economic authorities needed and why the free market is not able by itself to find way out of the fog, which, as time passes, becomes more and more dense.

Anatolian Peasants in the Great Depression 1929–1933

2000 ◽  
Vol 23 ◽  
pp. 79-102 ◽  
Author(s):  
Elif Akçetin
Keyword(s):  
International Trade ◽  
Stock Market ◽  
Great Depression ◽  
Economic Policies ◽  
Stock Market Crash ◽  
Sudden Drop ◽  
The Past ◽  
The Great Depression ◽  
Area Of Study

The effects of the Great Depression of 1929 on peasants in Turkey is an area of study that has remained neglected, despite the fact that peasants then constituted 75 percent of the population. The reason why the condition of peasants has not attracted much attention is the dramatic change between the economic policies of the 1920s and those of the 1930s. The immediate consequence of the stock-market crash and the sudden drop in prices was the shrinkage of international trade. Governments dealt with the depression by implementing quotas on imports, and liberal economic policies were no longer considered successful. Protectionism became the most popular policy for the management of economies in difficulty. The change in economic policies during this period constituted a break with the past and therefore has been the principal focus of studies on the Great Depression.

DID THE FED RESPOND TO LIQUIDITY SHORTAGE EPISODES DURING THE GREAT DEPRESSION?

2018 ◽  
Vol 22 (7) ◽  
pp. 1727-1749 ◽  
Author(s):  
Olivier Damette ◽  
Antoine Parent
Keyword(s):  
New York ◽  
Monetary Policy ◽  
Great Depression ◽  
Liquidity Risk ◽  
Conventional Wisdom ◽  
Credit Spreads ◽  
Open Market ◽  
The Great Depression ◽  
Econometric Evidence ◽  
Open Markets

The October 1929 crash led to a complete freeze of New York open markets. Studying the Fed monetary policy conduct in a nonlinear framework, using credit spreads between open market rates and the Fed's instrument rates as a proxy for liquidity risk, we present econometric evidence that the Fed was well aware of such risks as early as 1930, reacted to the financial stress and altered its monetary policy in consequence. Our outcomes revisit conventional wisdom about the presumed passivity of the Fed throughout the 30s.

The Great Depression: An International Disaster of Perverse Economic Policies

1999 ◽  
Vol 65 (3) ◽  
pp. 653
Author(s):  
George Selgin ◽  
Thomas E. Hall ◽  
J. David Ferguson
Keyword(s):  
Great Depression ◽  
Economic Policies ◽  
The Great Depression

Hard Times: Turkey during the Great Depression

2000 ◽  
Vol 23 ◽  
pp. 147-156
Author(s):  
Michele Penner Angrist
Keyword(s):  
Great Depression ◽  
Capital Accumulation ◽  
Economic Policies ◽  
People's Party ◽  
The Great Depression ◽  
Turkish Economy ◽  
Hard Times ◽  
Turkish State ◽  
Volume Challenge

The essays contained in this volume challenge and complement standard treatments of Turkish history during the 1930s. Typically, the 1930s are cast as a decade that opened with the Turkish economy reeling from the effects of the Great Depression. Decisionmakers in the ruling Republican People's Party (RPP) were not without a response, however. They introduced statist economic policies whereby the Turkish state began to play an augmented role in production and capital accumulation. The conventional story thus chronicles the ruling elite's most visible policy reaction to the material hardships of the 1930s.

Book Reviews

1999 ◽  
Vol 37 (1) ◽  
pp. 212-213
Author(s):  
Joseph G Haubrich
Keyword(s):  
Great Depression ◽  
Economic Policies ◽  
University Of Michigan ◽  
The Great Depression ◽  
Ann Arbor

The Great Depression: An International Disaster of Perverse Economic Policies. By Thomas E. Hall and J. David Ferguson. Ann Arbor: University of Michigan Press, 1998. Pp. xvii, 194. $42.50, cloth; $19.95, pbk. ISBN 0–472–09667–2, cloth; 0–472–06667–6, pbk.

From Empire to Nation-State

2018 ◽  
pp. 156-183
Author(s):  
Şevket Pamuk
Keyword(s):  
Great Depression ◽  
Negative Impact ◽  
Economic Consequences ◽  
Nation State ◽  
Economic Policies ◽  
The Great Depression ◽  
Significant Negative Impact ◽  
Per Capita ◽  
New Nation ◽  
Rates Of Growth

This chapter begins with global and national political developments and explores how they led to changes in economic policies and institutions, as well as the consequences of these changes. Both world wars, as well as the Great Depression, had a significant negative impact on the economy. In addition, the transition from the empire to a new nation-state within new borders had long-lasting economic consequences. As a result, both total and per capita GDP fluctuated sharply during these decades. The chapter demonstrates how the decade of the Great Depression from 1929 to 1939 was characterized by protectionism, industrialization led by the state, and moderately high rates of growth.

scholarly journals Analyzing the Global Risks for the Financial Crisis after the Great Depression Using Comparative Hybrid Hesitant Fuzzy Decision-Making Models: Policy Recommendations for Sustainable Economic Growth

2018 ◽  
Vol 10 (9) ◽  
pp. 3126 ◽  
Author(s):  
Hasan Dinçer ◽  
Serhat Yüksel ◽  
Seçil Şenel
Keyword(s):  
Economic Growth ◽  
Great Depression ◽  
Latin American ◽  
Debt Crisis ◽  
Fuzzy Topsis ◽  
Fuzzy Decision Making ◽  
Global Risk ◽  
Fuzzy Vikor ◽  
The Great Depression ◽  
Sustainable Economic Growth

The aim of this study is to analyze the effects of global risks on financial crises. For this purpose, five different outstanding crises after the Great Depression of 1929 are taken into the consideration. Additionally, four different dimensions are selected regarding global risk by considering the Global Risk Report. Moreover, the hesitant fuzzy DEMATEL, the hesitant fuzzy VIKOR, and the hesitant fuzzy TOPSIS methodologies are used to reach this objective. We concluded that, with respect to global risks, the industry-based dimension has the highest importance in comparison to other dimensions. In addition, we also identified that the 2010 European debt crisis and the 1982 Latin American debt crisis were the most influenced crises in terms of global risk. The main reason for this is that the macroeconomic problems such as high inflation and unemployment had negative impacts on the industries of these countries. Another important point is that the results of the hesitant fuzzy VIKOR and hesitant fuzzy TOPSIS models are quite different, but they are the most similar when the experts do not reach the consensus. This situation shows that this analysis is quite appropriate with respect to the hesitant approach. While considering these aspects, we recommended that countries should firstly focus on the solutions related to industry level problems in order to minimize the global risk. Owing to this issue, it can be more possible to reach sustainable economic growth in the world.

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