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Hayek's early writings on business-cycle theory and the Great Depression argued that cyclical downturns, including that of 1929-1931 were caused by unsustainable elongations of the capital structure caused by bank-financed investment exceeding voluntary saving. Believing that monetary expansion...
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I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis heavily on recent research. Both similarities and differences are evident in the historical record. Both regimes were vaunted as engines of convergence, but in both cases...
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), 'Slump and Recovery: The UK Experience', in Theo Balderston (ed.), The World Economy and National Economies in the Interwar … European History, 9 (2), 183-207 -- Ben S. Bernanke (1995), 'The World on a Cross of Gold: A Review of "Golden Fetters: The … Depression', in Theo Balderston (ed.), The World Economy and National Economies in the Interwar Slump, Chapter 9, Basingstoke, UK …
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