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New Deal Policies and the Persistence of the Great Depression: A ...
Web14 sep. 2011 · The most recent research by economic historians suggests that the New Deal played, at most, a small role in recovery from the Great Depression. Eggertsson, Gauti. 2010. “A Reply to Steven Horwitz’s Commentary on “Great Expectations and the End of the Depression.”. Econ Journal Watch 7 (3): 197-204. WebThere are two striking aspects of the recovery from the Great Depression in the United States: the recovery was very weak, and real wages in several sectors rose significantly above trend. These data contrast sharply with neoclassical theory, which predicts a strong recovery with low real wages. We evaluate the contribution to the persistence of the … mesh link gold bracelet
The New New Deal Hoover Institution The New New Deal
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