The Great Depression of the Early 20th Century is (and was) a systemic event between World War I and World War II that has been intensely analyzed, if over-analyzed (see References below). The one viewpoint that seems to have been under-analyzed is the perspective of Systems Theory. The following is a Blog Roll of my postings on the topic:
- How do We define Great Depressions? From the standpoint of Systems Theory, not correctly.
- Shock Theories of Great Depressions An obvious but inadequate perspective.
- Did the Great Depression hit at a conjuncture of Technological Change? Maybe, but there have been a lot of Technological Long Waves and Conjunctures.
- Measuring the Great Depression Obsessive focus on the collapse of Gross Domestic product is myopic.
- The Minsky-Kindleberger Framework So far, the best qualitative systemic framework. It needs to be tested.
- War and Normalcy: (1914-1929) The Roaring Twenties Bubble was "popped" by the 1929 Stock Market Crash after which the US Economy returned to the long-run attractor path.
- Forecasting the Great Depression in France Not easy (or maybe even possible) since France reinvented itself after WWI and responded very conservatively to the shocks of the Great Depression.
Systems Theory opens up an entirely new perspective on the Great Depression. I will keep adding posts to this Blog Roll until I think I've attacked all the issues and competing explanations.
Notes
Readings
- Peter Fearon (1987) War, Prosperity and Depression, The US Economy 1917-1945. A good summary of the Economic Thinking on the Great Depression.
- Charles Kindleberger (2013) World in Depression, 1929-1939 The best understanding of the Great Depression as a World-wide, Systemic Event.
- Charles Kindleberger (2015) Manias, Panics and Crashes: A History of Financial Crises What causes departures from the Attractor Path.
- US Government (2008) Outline of US History, Chapter 10, War, Prosperity and Depression. The "official" history for the US!
- Immanuel Wallerstein (2004) World-Systems Analysis: An Introduction.
- General System Theory: Foundations, Development, Applications
- Peter Fearon (1987) War, Prosperity and Depression, The US Economy 1917-1945. A good summary of the Economic Thinking on the Great Depression.
- Charles Kindleberger (2013) World in Depression, 1929-1939 The best understanding of the Great Depression as a World-wide, Systemic Event.
- Charles Kindleberger (2015) Manias, Panics and Crashes: A History of Financial Crises What causes departures from the Attractor Path.
- US Government (2008) Outline of US History, Chapter 10, War, Prosperity and Depression. The "official" history for the US!
- Immanuel Wallerstein (2004) World-Systems Analysis: An Introduction.
- General System Theory: Foundations, Development, Applications
No comments:
Post a Comment