Abstract
As Dr Balderston notes in his introduction to this volume, history is necessarily written in terms of a model, whether implicitly or explicitly, and a model invariably suggests counterfactuals. In this note, we first review our model of the Great Depression (‘the ET model’ as it is referred to by Balderston) and then explore the counterfactuals that flow from its application to the monetary, macroeconomic and political history of the 1930s.
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© 2003 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Eichengreen, B., Temin, P. (2003). ‘Afterword’: Counterfactual Histories of the Great Depression. In: Balderston, T. (eds) The World Economy and National Economies in the Interwar Slump. Palgrave Macmillan, London. https://doi.org/10.1057/9780230536685_9
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DOI: https://doi.org/10.1057/9780230536685_9
Publisher Name: Palgrave Macmillan, London
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