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Long-term supply-side implications of the Great Depression

Hannah, Leslie and Temin, Peter (2010) Long-term supply-side implications of the Great Depression. Oxford Review of Economic Policy, 26 (3). pp. 561-580. ISSN 1460-2121

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Identification Number: 10.1093/oxrep/grq019

Abstract

We compare the experiences of the US and UK during and after the Great Depression, with particular attention to overall productivity growth, industrial organization, the growth of human capital, and protectionism. We discover many implications of the Great Depression experience and policies for post-war economic activities. We conclude that one should never waste a good crisis in the implementation of one's own economic policies, labour-market policies should encourage the formation of human capital, and it is dangerous to assume that other countries will not change in an economic crisis.

Item Type: Article
Official URL: http://oxrep.oxfordjournals.org/
Additional Information: © 2010 the authors
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Collections > Economists Online
Date Deposited: 02 Dec 2010 10:44
Last Modified: 17 Oct 2012 14:03
URI: http://eprints.lse.ac.uk/id/eprint/30138

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