Reflections on the Great Depression

Parker, Randall E.

doi:10.4337/9781843765509

Cited by 18 publications

(7 citation statements)

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“…It will be interesting to see how perhaps the worst recession in living memory affects economic degree enrolments in the United States. It has been often recalled about how the great people of the twentieth century economic thought, that is, James Tobin, Milton Friedman and Paul Samuelson studied economics in the thirties because they wanted to find out why there could be poverty among plenty or why their parents had lost their jobs (Parker, 2002). Today’s generation of students, of course, are not just motivated by worldly concerns but by careers and income flow particularly when choosing what to study at the university.…”

Section: Data and Developmentsmentioning

confidence: 99%

The Boom We Didn’t Really Have: Australian Economics Degree Enrolments, 1990–2007*

Millmow¹

2009

J of App Econs and Policy

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This paper revisits the matter of attracting students to study economics, an issue that faces every Australian university economics department. While the Australian economy has been in a boom phase for some period it has not led to a relative increase in economic degree enrolments for local universities. While some of the Go8 universities have seen a steady increase in economics degree enrolments between 1995 and 2007, the national picture, taken over a longer period, reveals that economic degree enrolments as a percentage of the overall student population is still falling. The paper concludes with the shy hope that, apart from improvement to the syllabus and teaching methodologies, the marked economic slowdown might elicit an increase in student interest in economics. The paper closes by suggesting that now might be an appropriate time for the regimen of the ideal economics degree offered by Australian universities to be re‐examined.

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Section: Data and Developmentsmentioning

confidence: 99%

The Boom We Didn’t Really Have: Australian Economics Degree Enrolments, 1990–2007*

Millmow¹

2009

J of App Econs and Policy

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“…In this framework participants in cartels during the June 1933 to December 12. A similar discussion on the role of nominal wage maintenance in the propagation of the Depression is presented in the interview with Anna Schwartz contained in Parker (2002). Moreover, some of the most recent and enlightening research on the causes of the depth and protracted length of the Great Depression focuses on the effects of sticky wages; see Chari et al (2002).…”

Section: Discussionmentioning

confidence: 92%

An Examination of the Asymmetric Effects of Money Supply Shocks in the Pre–World War I and Interwar Periods

Parker

Rothman

2004

Economic Inquiry

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We test whether monetary shocks had asymmetric output effects before World War II. Ball and Mankiw (1994) show that expectations of persistent inflation under fiat money can explain why negative monetary shocks had larger effects than positive shocks after World War II. Consistent with this explanation, we find such asymmetry in the interwar period following the abandonment of the gold standard and before it, when agents arguably anticipated this development. We find no monetary asymmetry before World War I, which is consistent with Ball and Mankiw (1994), because under a credible gold standard, agents do not expect persistent inflation. (JEL E31, ES2)

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“…A decade ago Parker (2002) interviewed some of the exemplars of the American economic establishment about the impact of the Great Depression upon them. This book reminds us through the eyes of our elders just how cosmic the Depression really was.…”

Section: The Educative Function Of the Gfcmentioning

confidence: 99%

Did the Global Financial Crisis Have any Impact on Economics Degree Enrolments?*

Millmow

Tuck

2011

Economic Papers: A Journal of Applied Economics and Policy

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The Great Depression is famous for enticing a whole generation of young men and women into studying economics especially in Britain and America and even in this country. What then of the great financial turbulence caused by the subprime crisis? Did it provoke an increase in student interest in economics? Or perhaps the relatively milder traverse Australia has enjoyed over the past three years has meant that student interest was not ignited by what was happening overseas. This paper scrutinises the latest enrolment data for Australia and the other Anglophone countries to ascertain whether there has been any marked increase in economics degree enrolments.

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Reflections on the Great Depression

Cited by 18 publications

References 0 publications

The Boom We Didn’t Really Have: Australian Economics Degree Enrolments, 1990–2007*

The Boom We Didn’t Really Have: Australian Economics Degree Enrolments, 1990–2007*

An Examination of the Asymmetric Effects of Money Supply Shocks in the Pre–World War I and Interwar Periods

Did the Global Financial Crisis Have any Impact on Economics Degree Enrolments?*

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