The Great Recession & the Great Depression

  title={The Great Recession & the Great Depression},
  author={P. Temin},
  • P. Temin
  • Published 2010
  • Economics
  • Daedalus
  • John Maynard Keynes wrote that “[p]ractical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”1 This acute observation is applicable to our current Great Recession as well. In fact, the newly discredited ideas are not all that different from the old, suggesting that Keynes may have overestimated people’s ability to learn from their mistakes. I pursue the parallels between these two watersheds in recent economic… CONTINUE READING
    26 Citations
    Re-imagining the crises of global capital
    • 3
    • PDF
    Latin America, from boom to crisis: macroeconomic policy challenges
    • 9
    • Highly Influenced
    • PDF
    The Effect of the Global Financial Crisis on Earnings Management and Executive Compensations : UK Evidence
    • Dr Ahmed Hassan Ahmed
    • 2019
    • PDF
    Juxtaposing Dreams and Loss: The Lived Experience of Homeownership and Foreclosure
    • Highly Influenced
    • PDF
    "Dead in the Short Run: The Global Financial Crisis and the Failure of Economic Policy"