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A Rabble of Dead Money

Unabridged   12 hour(s)
Publication date: 03/07/2017

A Rabble of Dead Money

The Great Crash and the Global Depression: 1929–1939

Available from major retailers or BUY FROM AMAZON
Audio CD ISBN:9781681682860
Digital Download ISBN:9781681682877


In this new book, Charles Morris tackles the white whale of economic history, the Crash of 1929 and the Great Depression, which has become a palimpsest of competing fads and trends in thinking about financial policy-making.

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Product Description

There is no single theory of what caused the Great Depression, and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda, are just a few of the shocks that in aggregate pushed the world into an economic Armageddon.

Morris does not fail to provide lessons that modern readers can learn from the Great Crash. It's tempting to pontificate about events of eighty years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.


"Both neophytes and experts will find something provocative and rewarding in this unfailingly interesting treatment." —Kirkus Reviews

"Sprightly . . . Morris is at his best when writing about economic matters, alerting readers to the latest, most authoritative thinking about the causes and realities of the Great Depression." —Publishers Weekly

A Rabble of Dead Money is a deft synthesis, blending colorful accounts of the past with the scholarly literature of the present." —New York Times

Author Bio

Charles R. Morris is the New York Times bestselling author of several books, including American Catholic, The Sages, and The Tycoons.