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2 results on '"NEOCLASSICAL school of economics"'

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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2. The Great Depression in the United States From a Neoclassical Perspective[*].

Author

Cole, Harold L. and Ohanian, Lee E.

Subjects
*GREAT Depression, 1929-1939, *BUSINESS cycles, *NEOCLASSICAL school of economics
Abstract

Examines the Great Depression in the United States from 1929 to 1933 from the perspective of neoclassical growth theory. Background discussion on the neoclassical theory; International comparisons of economic declines; Analysis of three classes of real shocks considered important in typical business cycle fluctuations; Information on monetary shocks.

Published
1999

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