The European Economy between the Wars, (OUP, 1997) has become the definitive economic history of Europe in the inter-war period. Placing the Great Depression of 1929-33 and the associated financial crisis at the center of the narrative, the authors comprehensively examined the lead-up to and consequences of the depression and recovery. Peter Temin and Gianni Toniolo (their former co-author, Charles H. Feinstein, has died) now expand their scope to include the entire world economy, and have created a new edition: The World Economy between the Wars. New material focuses on the structure of the world economy in the 1920s, including a special focus on the United States, Japan, and Latin America. In addition, chapters that discuss the post-depression recovery now cover The New Deal and recovery in general in the United States and Japan. This new edition is a necessary update, and invaluable resource for those who desire an overview of the inter-war area beyond the usual discussion of the 1929 stock market crash. The book's broad geographic coverage, as well as its clarity and chronological execution, will appeal to students of economic history, as well as those academics in other fields whose research involves the inter-war period.

The World Economy between the Wars

TEMIN, Peter

Toniolo, Gianni

History

Oxford University Press

The European Economy Between the Wars provides an authoritative economic history of Europe in the inter-war period. Placing the Great Depression of 1929-33 and the associated financial crisis at the center of the narrative, the authors comprehensively examine the lead-up to and the consequences of the depression and recovery. The basic approach in this textbook is chronological, and the style is clear and straightforward, accessible to students in a range of disciplines.

The European Economy Between the Wars

Business & Money

Feinstein, Charles H.

Economics

After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution, according to this view, is the result of the preceding revolution in public finance. In Prometheus Shackled, prominent economic historians Peter Temin and Hans-Joachim Voth examine this hypothesis using new, detailed archival data from 18th century banks. They conclude the opposite: the financial revolution led to an explosion of public debt, but it stifled private credit. This led to markedly slower growth in the English economy. Temin and Voth collected detailed data from several goldsmith banks: Child's, Gosling's, Freame and Gould, Hoare's, and Duncombe and Kent. The excellent records from Hoare's, founded by Sir Richard Hoare in 1672, offer particular insight. Numerous entrants into the banking business tried their hand at deposit-taking and lending in the early 17th century; few survived and fewer thrived. Hoare's and a small group of competitors did both. Temin and Voth chart the growth of the successful banks in the face of frequent wars and heavy-handed regulations. Their new data allows insights into the interaction between financial and economic development. Government regulations such as (a sharply lower) maximum interest rate caused severe misallocation of credit, and a misguided attempt to lighten the nation's debt burden led directly to the South Sea Bubble in 1720. Frequent wars caused banks to call in loans, resulting in a sharply slower economic growth rate. Based on detailed micro-data, the authors present conclusive evidence that wartime borrowing crowded out investment. Far from fostering economic development, England's financial revolution after 1688 did much to stifle it -- the Hanoverian "warfare state" was a key reason for slow growth during Britain's Industrial Revolution. Prometheus Shackled is a revealing new take on one of the most important periods of economic and financial development.

Prometheus Shackled: Goldsmith Banks and England's Financial Revolution after 1700

Voth, Hans-Joachim

Why Keynes is relevant to today's global economic crisis, and how Keynesian ideas can point the way to renewed economic growth.
As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes's formal analyses in an accessible way. Finally, they discuss problems of today's world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.

Keynes: Useful Economics for the World Economy

Vines, David

Mit Pr

Why the United States has developed an economy divided between rich and poor and how racism helped bring this about.
The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor.
Many poorer Americans live in conditions resembling those of a developing country―substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other―black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Octavo. x + 304 pp, acknowledgments, list of 7 tables, introduction, 2 Parts / 10 chapters, Part I: the new iron industry, 1830-1865; Part II: From Iron to Steel, 1865-1900, appendices A-C, selected bibliography, index. Text with footnotes throughout.

Iron and Steel in Nineteenth-Century America: An Economic Inquiry

Engineering & Transportation

Engineering

M.I.T. Press

Do events of the 1930s carry a message for the 1990s? If there is one key lesson to be learned, Peter Temin points out, it is that political ideology drives economic events. The Great Depression was caused by politicians and policymakers following the wrong economic ideology, not by a mechanical breakdown of the system. "Lessons from the Great Depression "provides an integrated view of the depression, covering the experience in Britain France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Temin finds parallels today in the relentless deflationary course followed by the VS. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory - supply side economics. Throughout this informative and highly readable account, Temin searches for and identifies guidelines for the economic and political decisions to be made in the final decade of this century. He considers the proper role of economic and political models and ideologies in the fashioning of economic policy, the advantages and disadvantages of international economic cooperation and long term versus short term focus in the making of economic policy Peter Temin is Professor of Economics at MIT. "Lessons from the Great Depression "is included in the Lionel Robbins Lecture Series.

Lessons from the Great Depression: The Lionel Robbins Lectures for 1989

The MIT Press

Why the United States has developed an economy divided between rich and poor and how racism helped bring this about.

The Vanishing Middle Class, new epilogue: Prejudice and Power in a Dual Economy

Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. 
Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery.
Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory―supply-side economics.

Lessons from the Great Depression (Lionel Robbins Lectures)

See the best price to sell, buy, or rent books by TEMIN, Peter. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by TEMIN, Peter

See the best price to sell, buy, or rent books by TEMIN, Peter. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The World Economy between the Wars

The European Economy Between the Wars

Prometheus Shackled: Goldsmith Banks and England's Financial Revolution after 1700

Keynes: Useful Economics for the World Economy

The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Iron and Steel in Nineteenth-Century America: An Economic Inquiry

Lessons from the Great Depression: The Lionel Robbins Lectures for 1989

Keynes: Useful Economics for the World Economy

The Vanishing Middle Class, new epilogue: Prejudice and Power in a Dual Economy

Lessons from the Great Depression (Lionel Robbins Lectures)