Choose one of
the following lectures. Listen to them and submit a summary that is at least
one page in length (single spaced).
1. Higgs on the Great Depression
Higgs, of the Independent Institute, talks with EconTalk host Russ Roberts about
the Great Depression, the New Deal, and the effect of World War II on the
American economy. Using survey results, financial data, and the pattern of
investment in the 1930s, Higgs argues that New Deal policies created a climate
of uncertainty that prolonged the Great Depression. Using consumption data, he
argues that prosperity did not return during wartime, but rather after the war
when government intervention in the economy subsided.
2. Fazzari on Keynesian Economics
Steve Fazzari, of Washington University in St. Louis,
talks with EconTalk hostRuss Roberts about
Keynesian economics. Fazzari talks about the paradox of thrift, makes the case
for a government stimulus plan, and weighs the empirical evidence for a
3. Boettke on the Austrian
Perspective on Business Cycles and Monetary Policy
of George Mason University, talks with EconTalk host Russ Roberts about
the Austrian perspective on business cycles, monetary policy and the current
state of the economy.