Rethinking The Great Depression » (Reprint)

Smiley (economics, Marquette U.) argues that the Great Depression was caused by too much government intervention in the economy, rather than too little regulation. He contends that tariffs and the reliance on the gold standard caused what should have been a minor recession into a depression and suggests that the New Deal policies of the Roosevelt administration caused the problem to linger for much longer than it should have. The New Deal legislation that has been left in place in the wake of the Great Depression continues to cause problems for the economy and should be scrapped, he concludes. Annotation c. Book News, Inc., Portland, OR

CLAREMONT REVIEW OF BOOKS

...An engaging, balanced, and perceptive short book.... Smiley brilliantly describes this tragedy and its long-term consequences