How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression

The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials to look at the problem from a different perspective since it is apparent that th...

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Autor principal: Ognjen Radonjić
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Publicado: University of Belgrade 2016
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Acceso en línea:https://doaj.org/article/df6cfefcf53943a1b890e9efb1861e76
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spelling oai:doaj.org-article:df6cfefcf53943a1b890e9efb1861e762021-12-02T05:04:31ZHow to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression0353-15892334-8801https://doaj.org/article/df6cfefcf53943a1b890e9efb1861e762016-03-01T00:00:00Zhttp://eap-iea.org/index.php/eap/article/view/526https://doaj.org/toc/0353-1589https://doaj.org/toc/2334-8801The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials to look at the problem from a different perspective since it is apparent that the economic orthodoxy and economic policies supported by its conventional wisdom do not provide desired results. Roosevelt’s fiscal activism and Keynes’ revolutionary theory deliver an answer to the question of why is, in crisis periods, vigorous reaction of economic authorities needed and why the free market is not able by itself to find way out of the fog, which, as time passes, becomes more and more dense.Ognjen RadonjićUniversity of BelgradearticleVelika depresija, dužnička kriza, Ruzvelt, Kejnz, monetarna i fiskalna politikaAnthropologyGN1-890ENFRSREtnoantropološki Problemi, Vol 10, Iss 4 (2016)
institution DOAJ
collection DOAJ
language EN
FR
SR
topic Velika depresija, dužnička kriza, Ruzvelt, Kejnz, monetarna i fiskalna politika
Anthropology
GN1-890
spellingShingle Velika depresija, dužnička kriza, Ruzvelt, Kejnz, monetarna i fiskalna politika
Anthropology
GN1-890
Ognjen Radonjić
How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
description The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials to look at the problem from a different perspective since it is apparent that the economic orthodoxy and economic policies supported by its conventional wisdom do not provide desired results. Roosevelt’s fiscal activism and Keynes’ revolutionary theory deliver an answer to the question of why is, in crisis periods, vigorous reaction of economic authorities needed and why the free market is not able by itself to find way out of the fog, which, as time passes, becomes more and more dense.
format article
author Ognjen Radonjić
author_facet Ognjen Radonjić
author_sort Ognjen Radonjić
title How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
title_short How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
title_full How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
title_fullStr How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
title_full_unstemmed How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
title_sort how to deal with economic depression: experimental and theoretical lessons from the great depression
publisher University of Belgrade
publishDate 2016
url https://doaj.org/article/df6cfefcf53943a1b890e9efb1861e76
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