macroeconomics and history

Macroeconomics and History A very quick look

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Macroeconomics and History

A very quick look

The Great Depression

http://www.marketbugle.com/similarities-between-great-depression-and-todays-economy/

John Maynard Keynes

http://stevecotler.com/tales/2009/07/07/keynes-nastiest-wickedest-capitalism/

The General Theory

http://www.mobipocket.com/en/eBooks/eBookDetails.asp?BookID=153130

Post WW II –We are all Keynesians

Milton Friedman

Monetarist Critique

Permanent Income Hypothesis

http://www.crawfordsworld.com/rob/apmacro/friedman.htm

The Phillips Curve

http://www.bized.co.uk/virtual/bank/economics/mpol/inflation/causes/theories4.htm

Stagflation And Its Causes

Fast forward to the 1970’s

Vietnam War

http://scrapetv.com/News/News Pages/usa/pages-3/Military-enthusiasts-add-rape-murder-to-Vietnam-War-reenactment-Scrape-TV-The-World-on-your-side.html

Deficit Financed

Nixon – Wage and Price Controls

http://www.econreview.com/events/wageprice1971b.htm

http://www.historyplace.com/unitedstates/impeachments/nixon.htm

OPEC – Oil Price Shock 1973

http://www.washingtonpost.com/wp-dyn/content/article/2008/07/27/AR2008072701641.html

Robert Lucas Rational Expectations Revolution

http://www.superscholar.org/wp-content/uploads/2010/12/Robert-Lucas-Jr.jpg

Robert Barro

Are Government Bonds Net Wealth

JPE 1974

http://www.economics.harvard.edu/faculty/barro

Thomas Sargent

Monetary Policy doesn’t matter.

Only surprises matter.

This is the world in which I started graduate school in Econ in fall 1976.

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