Adam Tooze has called our attention to an important episode in world financial history, but he has not explained it.
Richard Vedder is a visiting scholar at the American Enterprise Institute and distinguished professor of Economics at Ohio University. His latest book, with Wendell Cox, is The Wal-Mart Revolution (AEI Press).
Articles by Richard Vedder
Government is not the cause of American prosperity.
World War I, the Great Depression, and World War II
A review of Restoring Opportunity: The Crisis of Inequality and the Challenge for American Education, by Greg J. Duncan and Richard J. Murnane
A review of Land of Promise: An Economic History of the United States, by Michael Lind
A review of The Fall of the Faculty: The Rise of the All-Administrative University and Why It Matters, by Benjamin Ginsberg
Changing interpretations of the 20th century's worst economic collapse.
The ways of the academy are not invulnerable to technological changes forced on everyone else.
Did the first wave of globalization help make America exceptional relative to European nations?
How capitalism saved America.
America's Great Depression, and its long term consequences, were largely self-inflicted.