Posts Tagged ‘ the Great Depression ’

Root Causes Behind the Politics

Oct 8th, 2008 | By Byron King | Category: Economics, Politics
Some of the greatest economic shifts in history are associated with big political swings, if not with politicians by name. Think of Hooverism, Roosevelt’s New Deal, Reaganism or British Thatcherism. But those are just labels. Things are not as simple as they imply. They’re like plate tectonics in the field of ...read more

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Posted in Economics, Politics | 2 comments


Bailout of Fannie and Freddie

Sep 11th, 2008 | By Lord William Rees-Mogg | Category: Economics, Macro Economics, Politics
In February 1946, when they were both old men, Joseph Schumpeter wrote a letter to Irving Fisher explaining why he could not accept a plan on a proposed committee on monetary policy. He tried to soften his rejection by expressing his admiration for Irving Fisher. “I consider you one of the ...read more

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Posted in Economics, Macro Economics, Politics | No Comments »


Lessons of the Great Depression

Mar 31st, 2008 | By Whiskey Contributor | Category: Macro Economics
Irving Fisher was probably the greatest American economist, both in terms of the development of economic theory and as a teacher. In 1933, having himself misread the early stages of the Great Depression — and virtually bankrupted himself by ill-judged speculation — Fisher published one of his most important works. ...read more

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Posted in Macro Economics | No Comments »