The Great Depression and its Legacy - Professor Jagjit Chadha
Like a dark cloud over history, the great depression has informed policy, literature and economics, but how many of us understand its cause or even its effect?: http://www.gresham.ac.uk/lectures-and...
The long economic recession of the inter-war period had profound consequences for monetary policy. This lecture will examine the intellectual legacy of the Great Depression: (i) the acceptance of multiple equilibria; (ii) the obligation for government to stabilise the economy; (iii) and the need for accurate, timely national accounts.
The lecture will explore why this reduction in deaths and serious disease in the period from early childhood to late old age has happened, and provide an initial exploration of what we can learn for future improvements.
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and...
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