In the context of the 1937 recession, Paul Samuelson (1915-2009) provided a dynamic framework (1939) for studying the effects of…
The Great Depression led to a profound renewal of how problems of governmental fiscal policy were tackled. With reference to…
This post is based on results shown in chapter 3 of Modeling Economic Instability: a History of Early…
Ach, mit offenen Armen stand ich gegen den Abgrund und atmete hinab! Hinab! Goethe, Die Leiden des jungen Werther Oh,…