Abstract
Drawing upon recent economic scholarship to present a clear and nontechnical analysis, Mr Smiley offers new insights and some surprising conclusions about the causes of the Great Depression, the consequences of the New Deal, and the economic effects of World War II. An accessible survey...challenges the popular belief that the Great Depression demonstrates the instability of markets and the need for government oversight and direction. - Journal of Economic Literature. A widely accessible and clearly written summary of the main causes of the Great Depression and its legacy for economic policy. - David C Wheelock, EH.Net.
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