IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/31746.html
   My bibliography  Save this paper

Από Την Οικονομική Άνθηση Στην Κρίση Του 1930
[From Economic Prosperity to the Depression of 1930s]

Author

Listed:
  • Tsoulfidis, Lefteris

Abstract

This chapter starts with a discussion of the economic situation in the USA and UK in the 1920s and 1930s and argues that the fundamentals of these two economies in the 1920s were already in a bad shape. In fact, we show that in the US economy the fall in the rate of profit and the stagnation of the mass of real profits preceded the collapse of the stock market in the 1929 and the depression of 1930s. The discussion continues with the economic and political situation in the case of the Greek economy and the way in which she was affected by the depression. From the study of the Greek economy in the 1930s, we derive some useful conclusions that may shed new light to the current depression and debt problems of the Greek economy.

Suggested Citation

  • Tsoulfidis, Lefteris, 2010. "Από Την Οικονομική Άνθηση Στην Κρίση Του 1930 [From Economic Prosperity to the Depression of 1930s]," MPRA Paper 31746, University Library of Munich, Germany, revised 16 May 2011.
    • Handle: RePEc:pra:mprapa:31746
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/31746/1/MPRA_paper_31746.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mayer, Thomas, 1982. "Monetary Trends in the United States and the United Kingdom: A Review Article," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1528-1539, December.
    2. Lefteris Tsoulfidis, 2024. "Competing Schools of Economic Thought," Springer Studies in the History of Economic Thought, Springer, edition 2, number 978-3-031-58580-7, June.
    3. Goodhart, Charles A E, 1982. "Monetary Trends in the United States and the United Kingdom: A British Review," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1540-1551, December.
    4. Hall, Robert E, 1982. "Monetary Trends in the United States and the United Kingdom: A Review from the Perspective of New Developments in Monetary Economics," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1552-1556, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lefteris, Tsoulfidis, 2012. "Οι Πτωχεύσεις Του Ελληνικού Κράτους [Greek Sovereign Defaults in Retrospect]," MPRA Paper 42843, University Library of Munich, Germany, revised 17 Nov 2012.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sarwar, haroon & Hussian, zakir & Awan, masood sarwar, 2011. "Money Demand Functions for Pakistan (Divisia Approach)," MPRA Paper 34361, University Library of Munich, Germany.
    2. Steven R. Cunningham, 1993. "The Relationship of Opportunity Cost to the Interest Elasticity of Money Demand," Eastern Economic Journal, Eastern Economic Association, vol. 19(3), pages 309-319, Summer.
    3. Hendry, David F & Ericsson, Neil R, 1991. "An Econometric Analysis of U.K. Money Demand in 'Monetary Trends in the United States and the United Kingdom' by Milton Friedman and Anna Schwartz," American Economic Review, American Economic Association, vol. 81(1), pages 8-38, March.
    4. Neil R. Ericsson, 2021. "Dynamic Econometrics in Action: A Biography of David F. Hendry," International Finance Discussion Papers 1311, Board of Governors of the Federal Reserve System (U.S.).
    5. Ian R. Harper, 1988. "The SRD Requirement and Monetary Policy," The Economic Record, The Economic Society of Australia, vol. 64(3), pages 178-186, September.
    6. Lefteris Tsoulfidis & Persefoni Tsaliki, 2011. "Classical Competition and Regulating Capital: Theory and Empirical Evidence," Discussion Paper Series 2011_02, Department of Economics, University of Macedonia, revised Feb 2011.
    7. Giuseppe Mastromatteo & Luigi Ventura, 2007. "The origin of money: A survey of the contemporary literature," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(2), pages 195-224, June.
    8. Edward Nelson, 2012. "The correlation between money and output in the United Kingdom: resolution of a puzzle," Finance and Economics Discussion Series 2012-29, Board of Governors of the Federal Reserve System (U.S.).
    9. Eugeniusz Kwiatkowski & Przemysław Włodarczyk, 2017. "Employment Protection Legislation and Its Impact on the Elasticity of Employment in OECD Countries," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 29-53.
    10. Lefteris Tsoulfidis, 2013. "Public Debt and J.S. Mill?s Conjecture: A Note," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2013(2), pages 93-102.
    11. Kevin S. Nell, 1999. "The Relation Between Money, Income and Prices in South Africa," Studies in Economics 9909, School of Economics, University of Kent.
    12. Monica Hernandez, 2017. "Jevons’s Ideal Role for Labor Unions as a Form of Co-operation," Working Papers 1717, New School for Social Research, Department of Economics, revised Aug 2017.
    13. Tsoulfidis, Lefteris, 2017. "Ricardo’s Theory of Value is Alive and Well in Contemporary Capitalism," MPRA Paper 96491, University Library of Munich, Germany, revised 11 Oct 2019.
    14. P. D. Jonson & R. W. Rankin, 1986. "On Some Recent Developments in Monetary Economics," The Economic Record, The Economic Society of Australia, vol. 62(3), pages 257-267, September.
    15. Theodore Mariolis & Lefteris Tsoulfidis, 2018. "Less Is More: Capital Theory And Almost Irregular-Uncontrollable Actual Economies," Contributions to Political Economy, Cambridge Political Economy Society, vol. 37(1), pages 65-88.
    16. Tsoulfidis, Lefteris, 2013. "The ‘new golden age of accumulation’, the new depression and the greek economy," MPRA Paper 60577, University Library of Munich, Germany.
    17. Lefteris Tsoulfidis & Michel Zouboulakis, 2016. "Greek Sovereign Defaults in Retrospect and Prospect," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(2), pages 141-157.
    18. J. Aschheim & G.S. Tavlas, 1994. "Nominal anchors for monetary policy: a doctrinal analysis," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 469-494.
    19. Laurence Scialom, 1995. "Les modèles de paiements concurrentiels : éléments d'analyse critique ," Revue Économique, Programme National Persée, vol. 46(1), pages 35-55.
    20. Lefteris Tsoulfidis & Dimitris Paitaridis, 2012. "Revisiting Adam Smith's theory of the falling rate of profit," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 39(5), pages 304-313, April.

    More about this item

    Keywords

    Depression of 1930s; Gold exchange standard; Greek economy; debt default;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:31746. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.