Summarize your understanding of Eichengreen’s argument.
Consider the new technology of radio and photography. With specific examples from the 1920s, discuss how these new technologies helped one of the movements and trends above.
September 9, 2019Why did the Great Depression last so long?
September 9, 2019Summarize your understanding of Eichengreen’s argument.
Question Description
a) Summarize your understanding of Eichengreen’s argument.
b) What is the “intellectual confusion” he refers to?
c) What Principles of Economics are being called into question?
d) How is the author’s distinction between “theoretical” economics and “historical” economics related to “positive” economics and “normative” economics?
e) How does the author distinguish between “policy advice” and “regulatory integrity”?
f) Is the author recommending different economic models, or a different approach to policy advice and regulation, or both?
g) Can you make any relevant connections between what Eichengreen is arguing and the various policy “prescriptions” advocated by the current U.S. presidential administration and Congress?
