Business cycle, Financial crises, Economic theories

In their book The Great Depression An International Disaster of Perverse Economic Policies, Hall and Ferguson made an effort to combine macroeconomic theories and social situation to provide a good understanding of the situation of world economy between the two World Wars. The topic of their book is not unique. In fact, there are a number of books on Great Depression. But, The Great Depression An International Disaster of Perverse Economic Policies is different from others in its special mixture of Keynesian and monetarist views on the event of Great Depression. EventThe book starts with a description of timeline of the events occurred during the period of great depression. This timeline takes into account all important political, economic as well as military incidents that took place