Like a dark cloud over history, the great depression has informed policy, literature and economics, but how many of us understand its cause or even its effect?: http://www.gresham.ac.uk/lectures-and-events/the-great-depression-and-its-legacy
The long economic recession of the inter-war period had profound consequences for monetary policy. This lecture will examine the intellectual legacy of the Great Depression: (i) the acceptance of multiple equilibria; (ii) the obligation for government to stabilise the economy; (iii) and the need for accurate, timely national accounts.
The lecture will explore why this reduction in deaths and serious disease in the period from early childhood to late old age has happened, and provide an initial exploration of what we can learn for future improvements.
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-great-depression-and-its-legacy
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Jagjit Chadha is the Mercers' School Memorial Professor of Commerce at Gresham College and Professor of Economics at the University of Kent. He has also acted as an academic adviser to HM Treasury, the Bank of England and many policy-making institutions around the world. His main interests lie in macroeconomics, with a particular focus on monetary issues.