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policy design did take seriously the problem of inequality? Using official documents such as transcripts of Roosevelt … recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however …, has almost never been discussed thoroughly. This paper attempts to answer two questions. Firstly, was inequality perceived …
Persistent link: https://www.econbiz.de/10011477411
capitalism, the Great Depression. However, the role of rising income inequality, which has risen dramatically before both crises …, is rarely discussed. In this paper we discuss the rise of top-end inequality and its effects on household consumption … period of interest. We argue that income inequality is linked to the increase of household consumption and the simultaneous …
Persistent link: https://www.econbiz.de/10011304482
This paper discusses the rise of top-end inequality and its effects on household consumption, saving, and debt in the … period of interest. Analysing the relevant data descriptively, the paper argues that income inequality is linked to the … debt. Thus, the rise of top-end inequality in connection with a broader institutional change, such as the deregulation of …
Persistent link: https://www.econbiz.de/10014363311
capitalism, the Great Depression. However, the role of rising income inequality, which has risen dramatically before both crises …, is rarely discussed. In this paper we discuss the rise of top-end inequality and its effects on household consumption … period of interest. We argue that income inequality is linked to the increase of household consumption and the simultaneous …
Persistent link: https://www.econbiz.de/10011289390
This note responds to some issues raised by Steven Horwitz’s (EJW, September 2009) commentary on my article “Great Expectations and the End of the Depression”(AER, September 2008).
Persistent link: https://www.econbiz.de/10008492693
This essay examines how the Banking Acts of the 1933 and 1935 and related New Deal legislation influenced risk taking in the financial sector of the U.S. economy. The analysis focuses on contingent liability of bank owners for losses incurred by their firms and how the elimination of this...
Persistent link: https://www.econbiz.de/10011042827
By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to a lesser degree, Fascist Italy; however, the possibilities and limitations of planning in capitalist...
Persistent link: https://www.econbiz.de/10012142970
By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to a lesser degree, Fascist Italy; however, the possibilities and limitations of planning in capitalist...
Persistent link: https://www.econbiz.de/10011974796
By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to a lesser degree, Fascist Italy; however, the possibilities and limitations of planning in capitalist...
Persistent link: https://www.econbiz.de/10012893419
Markets during the New Deal operated under a number of different institutional regimes, which were marked by executive orders, the passage of various pieces of legislation, and Supreme Court rulings on their constitutionality. Specifically, we break the New Deal period into the following six...
Persistent link: https://www.econbiz.de/10010709137