Thursday, September 11, 2014

Robert J. Shiller — Parallels to 1937

The depression that followed the 1929 stock-market crash took a turn for the worse eight years later, and recovery came only with the enormous economic stimulus provided by World War II, a conflict that cost more than 60 million lives. The global situation today is not nearly so dire, but there are parallels, particularly to 1937.
Project Syndicate
Parallels to 1937
Robert J. Shiller | 2013 Nobel laureate in economics, Professor of Economics at Yale University, and the co-creator of the Case-Shiller Index of US house prices

1 comment:

Jan said...

Lars Syll vs Paul Krugman on Hyman Minsky
http://krugman.blogs.nytimes.com/2014/09/11/their-own-imaginary-keynes-wonkish/
http://larspsyll.wordpress.com/2014/09/07/krugman-on-minsky/