Archive for December 6th, 2008

Regime Uncertainty in 1937 and 2008 »

In an article published in 1997 titled “Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed After the War,” I advanced the idea of regime uncertainty in an attempt to advance our understanding of the Great Depression’s extraordinary duration and of the highly successful postwar transition to a genuinely prosperous market-oriented economy. The...
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