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The Amazon Store at MillionDollarPetPix.com ( In association with Amazon.com )Essays on the Great Depressionby: Ben S. Bernanke  List Price: $29.95 Amazon.com's Price: $21.56 You Save: $8.39 (28%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: PaperbackDewey Decimal Number: 330 EAN: 9780691118208 ISBN: 0691118205 Label: Princeton University Press Manufacturer: Princeton University Press Number Of Items: 1 Number Of Pages: 320 Publication Date: January 05, 2004 Publisher: Princeton University Press Studio: Princeton University Press Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating. This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up faster than others, and some made an opportunity out of it. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of the economic causes and worldwide propagation of the depression. Average Rating:
 Rating:  - Very Simple StepsAnyone can spin a story about anything using the various mumbo-jumbo parts of mainstream economics. Bernanke here has decided to ravage the gold standard. Suffice to say, it is extremely tedious, banal, and antithetical to common sense. Ludwig Von Mises predicted the Great Depression in 1919. Here's two easy steps to understand the real cause of the crash. 1. Read Murray Rothbard's America's Great Depression 2. Google "Benjamin Strong", the first Federal ... Read More Rating: - Bernanke and his coauthors follows Friedman but not Smith or KeynesBernanke is ,unfortunately,ignorant of the preventive medicine approach to Bubbles and Depressions first postulated by Adam Smith in 1776 in the Wealth of Nations and then reapplied by J M Keynes with the additional analytic conclusion emphasizing the importance of clearly differentiating between tolerable security (risk)and uncertainty. Smith made it straightforward and easy. There are four categories of borrower to whom commercial and Wall Street investment banks can make loans ... Read More Rating: - Don't Believe the Hype! A commodity standard is the solution, not the problem!The Federal Reserve made the Great Depression almost inevitable when it inflated the money supply. The Fed inflated the money supply before it contracted it. With a true, pure gold standard, this initial inflation never would have been possible. Everything else about the contraction, corrections, tariffs, etc. would have been a moot point, and we wouldn't have had a great depression. Serious recession with some of the other bad decisions, maybe, great depression, nope. To claim that the gold ... Read More Rating:  - At least he start out rightOverall Bernanke does a good job at looking at different theories, but his theories on the dangers of deflation have been refuted by many authors. It is too bad that this theory clouds his vision, or else his treatment of the depression would have a lot more authority. For the economist, I would highly recommend "America's Great Depression" by Murray N. Rothbard. He is by far the most thorough in his treatment of the period, delivering the most compete and well founded theory for the cause of ... Read More Rating:  - Rigorous and Authoritative. The Best Book on Great Depression EconomicsBernanke rigorously explains the economics of the Great Depression. A massive monetary contraction (reduction in the money supply) was the cause of the Great Depression, in large part due to the flawed gold standard that was created following World War One. The massive banking collapse (due to weak regulation) further worsened the disaster. To a lesser extent, the Smoot-Hawley tarriff contributed to the cause. Sticky wages and other factors contributed to the slow recovery. Bernanke first shows ... Read More 
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