Economics Was A Cause Of The Great Depression

Economics is a proud discipline. It has long seen itself as the premier social science and with the major natural sciences part of the core of the intellectual apparatus of modern society. It understands its methods as sound, serious, and extensive and its contribution to progress notable.

Economics has been particularly proud of its record in explaining the central negative event of economic history since the industrial revolution, the Great Depression of the 1930s. Its inquiries into monetary policy, the gold standard, and “regime uncertainty” (its own term) have explained the event with dedication. READ MORE