In Randall E. Parker’s Reflections on the Great Depression (2002), leading economists who lived through and wrote about the Great Depression are invited to reflect on that horrific and still-puzzling episode. If a consensus can be said to have emerged among these economists, it is the view that correlation, causation, and explanation need not be carefully distinguished from each other.

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Other Independent Review articles by Roger W. Garrison
    Winter 2012   Alchemy Leveraged
    Spring 1999   The Great Depression Revisited