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1. Some Observations on the Great Depression[*].

Author

Prescott, Edward C.

Subjects
*GREAT Depression, 1929-1939, *NEOCLASSICAL school of economics, ECONOMIC conditions in Japan
Abstract

Criticizes an article in the same issue which examines the Great Depression in the United States in the 1930s from the perspective of the neoclassical growth theory. Brief review of the growth theory; Explanation on why the behavior of market hours is the key to explaining the Great Depression; Application of growth theory to Japan's economy in the 1990s.

Published
1999
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