Topic
Depression (economics)
About: Depression (economics) is a research topic. Over the lifetime, 2517 publications have been published within this topic receiving 51183 citations.
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TL;DR: It is argued that economic indicators were extremely important in the early stages of economic development, when the fulfillment of basic needs was the main issue and differences in well-being are less frequently due to income, and are more frequentlyDue to factors such as social relationships and enjoyment at work.
Abstract: Policy decisions at the organizational, corporate, and governmental levels should be more heavily influenced by issues related to well-being—people’s evaluations and feelings about their lives. Domestic policy currently focuses heavily on economic outcomes, although economic indicators omit, and even mislead about, much of what society values. We show that economic indicators have many shortcomings, and that measures of well-being point to important conclusions that are not apparent from economic indicators alone. For example, although economic output has risen steeply over the past decades, there has been no rise in life satisfaction during this period, and there has been a substantial increase in depression and distrust. We argue that economic indicators were extremely important in the early stages of economic development, when the fulfillment of basic needs was the main issue. As societies grow wealthy, however, differences in well-being are less frequently due to income, and are more frequently due to factors such as social relationships and enjoyment at work.
2,114 citations
Book•
01 Jan 1977
TL;DR: Crisis And Adaptation: An Introduction as discussed by the authors The Depression Experience and Adaptation Adaptations to Economic Deprivation Coming Of Age In The Depression, Adapting to Economic Decline, and Adapting Adaptation in Adaptive Adaptation.
Abstract: Crisis And Adaptation: An Introduction * The Depression Experience * Adaptations to Economic Deprivation Coming Of Age In The Depression * Economic Deprivation and Family Status * Children in the Household Economy * Family Relations * Status Change and Personality The Adult Years * Earning a Living: Adult Lives of the Oakland Men * Leading a Contingent Life: Adult Lives of Oakland Women * Personality in Adult Experience The Depression Experience In Life Patterns * Children of the Great Depression * Beyond Children of the Great Depression
1,472 citations
Book•
01 Jan 1973
TL;DR: In this paper, the authors present an explanation of the 1929 Depression Bibliography Index and present a table-based approach to the analysis of the stock market crash and the subsequent depression.
Abstract: List of Text Figures List of Tables Foreword Preface 1. Introduction 2. Recovery from the First World War 3. The Boom 4. The Agricultural Depression 5. The 1929 Stock-Market Crash 6. The Slide to the Abyss 7. 1931 8. More Deflation 9. The World Economic Conference 10. The Beginnings of Recovery 11. The Gold Bloc Yields 12. The 1937 Recession 13. Rearmament in a Disintegrating World Economy 14. An Explanation of the 1929 Depression Bibliography Index
1,186 citations
Book•
01 Dec 2008
TL;DR: Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression and explains what it will take to avoid catastrophe as discussed by the authors.
Abstract: Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, in "The Return of Depression Economics", Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and warned that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. In this new, greatly updated edition of "The Return of Depression Economics", Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style-lucid, lively, and supremely informed - this new edition of "The Return of Depression Economics" will become an instant cornerstone of the debate over how to respond to the crisis.
922 citations