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Hall Of Mirrors: The Great Depression, The Great Recession, And The Uses And Misuses Of HistoryStock informationGeneral Fields
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DescriptionThe Great Depression and the Great Recession are the two great economic crises of the past hundred years. While there are accounts of both episodes, no one has yet attempted a sustained comparative analysis. In Hall of Mirrors, Barry Eichengreen draws on his unparalleled expertise for a brilliantly conceived dual-track account of the two crises and their consequences. Rather than telling the stories of the two crises in sequence, instead he weaves them together. He describes the two bubble-fuelled build-ups, then the onset of crisis, the subsequent financial and economic and collapse, the policy response, and finally the recovery. A theme of Eichengreen's narrative is that while the policy response to the Great Recession was importantly shaped by perceptions of the Great Depression - contemporary policymakers did in fact learn lessons from the Depression that enabled them, this time, to prevent the worst - they could have done better. Promotion infoIn addition, success was the mother of failure: the success Author descriptionProfessor of Economics and Political Science, University of California-Berkeley Table of contentsIntroduction ; Castles in Spain Made Real ; Inflation's Shadow ; Children's Playroom ; Financialization with a Vengeance ; Flip That House ; Europe and the Euro ; The Crisis to End All Crises ; The J.P. Morgan of the South ; Shuttle Diplomacy ; Will America Topple Too? ; Largely Contained ; Out of the Shadows ; The Worst Financial Crisis Since 1933 ; The Three B's ; New Deal ; Double Dip ; Preventing the Worst ; Unconventional Policy ; Weak Soup ; The Turn to Austerity ; The Euro Crisis ; Whatever It Takes ; Conclusion |