The ongoing dispute between Keynesian proponents of government stimulus and advocates of fiscal retrenchment often involves references to economic history. Both sides cite the Great Depression to make their point, although they draw very different lessons from the economic history of the 1930s.
Jean Pisani-Ferry, who is an academic and an advisor to the French Prime Minister, discusses the use and abuse of economic history here.
The Past Speaks 
The Great Depression in Social Memory
31 08 2010The ongoing dispute between Keynesian proponents of government stimulus and advocates of fiscal retrenchment often involves references to economic history. Both sides cite the Great Depression to make their point, although they draw very different lessons from the economic history of the 1930s.
Jean Pisani-Ferry, who is an academic and an advisor to the French Prime Minister, discusses the use and abuse of economic history here.
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