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.

 PDFRead the Full Article (PDF, 8 pages)


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