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Difference between Great Depression and Joseph Stiglitz

Great Depression vs. Joseph Stiglitz

The Great Depression (19291939) was a severe global economic downturn that affected many countries across the world. Joseph Eugene Stiglitz (born February 9, 1943) is an American New Keynesian economist, a public policy analyst, political activist, and a full professor at Columbia University.

Cambridge University Press

Cambridge University Press is the university press of the University of Cambridge.

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Economist

An economist is a professional and practitioner in the social science discipline of economics.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries.

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Involuntary unemployment

Involuntary unemployment occurs when a person is unemployed despite being willing to work at the prevailing wage.

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J. Bradford DeLong

James Bradford "Brad" DeLong (born June 24, 1960) is an American economic historian who has been a professor of economics at the University of California, Berkeley since 1993.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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Lawrence Summers

Larry Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States Secretary of the Treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010.

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Neoliberalism

Neoliberalism, also neo-liberalism, is both a political philosophy and a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism.

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Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York and a columnist for The New York Times.

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The New York Times

The New York Times (NYT) is an American daily newspaper based in New York City.

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Time (magazine)

Time (stylized in all caps as TIME) is an American news magazine based in New York City.

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Unemployment

Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of the continental mainland.

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United States

The United States of America (USA or U.S.A.), commonly known as the United States (US or U.S.) or America, is a country primarily located in North America.

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2007–2008 financial crisis

The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.

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