Rev Austrian Econ (2017) 30:131–135 DOI 10.1007/s11138-015-0320-1 Barry Eichengreen, Hall of mirrors: The great depression, the great recession, and the uses-and misuses-of history New York, NY: Oxford University Press, 2015. xi+520 Pages. $29.95 (hardback) Patrick Newman Published online: 24 June 2015 Springer Science+Business Media New York 2015 To anyone interested in macroeconomics, the past decade has certainly not been a letdown as it has been punctuated with dramatic events. To start, in the U.S there was the bursting of the housing bubble in 2007, the financial crisis of 2008, and the Great Recession of 2007–09. These events have been followed by an unusually weak recovery and vigorous debate over when to reign in the government’s activist monetary and fiscal policies. There have been similar events and discussions abroad in addition to the impending crisis over whether the Euro will last. Across the wide spectrum of economic opinions there has been a search to support one’s policy prescriptions with lessons from the past. The most suitable candidate is the Interwar period (1919–39), which was marked by the Roaring Twenties in the U.S as well as the worldwide Great Depression. The striking similarities, as well as differences, between the Interwar Period
The Review of Austrian Economics – Springer Journals
Published: Jun 24, 2015
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