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Re: [Pen-l] Anticipatory Revisionist History
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Anticipatory Revisionist History
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Thu, 5 Mar 2009 13:00:23 -0800
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On Wed, Mar 4, 2009 at 9:08 PM, michael perelman
<michael@xxxxxxxxxxxxxxxxx> wrote:
> This work follows in a long tradition. For example, their forefathers
> already figured out that the Smoot-Hawley tariff caused the Great
> Depression.
Are they wrong? Is it inaccurate to say that Smoot-Hawley
*contributed* to prolonging the Depression?
Doesn't that episode offer valuable lessons on reversing course too
far, too fast on globalization etc for today?
-raghu.
--
"Due to budget cuts the light at the end of the tunnel has been switched off."
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