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This text brings together contributions written by internationally distinguished economic historians. The editors explore the current fascination with the 1930s great depression and link it with the great recession which began in 2007 and still poses a threat to economic stability.

This article uses an entitlements approach to analyse the divergent impacts of the 1930s great depression on the diverse population groups of Singapore and its Malay Peninsula hinterland. Contrary to a revisionist argument in the literature that the depression had comparatively little effect on South‐east Asia, Singapore was considerably affected. This arose more from the externality of migration of unemployed hinterland workers to the city than from a shift in the terms of trade against Singapore producers. Only the 'safety valve' of mass emigration, promoted by colonial policy, enabled Singapore to escape the depression with a sharp, if relatively brief, drop in welfare and serious distress for its inhabitants.

Intro -- Contents -- Preface -- Introduction -- PART I: A NEW GROWTH NARRATIVE -- ONE: The Most Technologically Progressive Decade of the Century -- TWO: The Interwar Years -- THREE: The Second World War -- FOUR: The Golden Age and Beyond -- FIVE: The Information Technology Boom -- SIX: Fin de Siècle: The Late Nineteenth Century in the Mirror of the Twentieth -- PART II: EXTENSIONS AND REFLECTIONS -- SEVEN: Procyclical TFP -- EIGHT: The Equipment Hypothesis -- NINE: General-Purpose Technologies -- PART III: HISTORICAL PERSPECTIVES ON 2007-2010 -- TEN: Financial Fragility and Recovery -- ELEVEN: Uncontrolled Land Development and the Duration of the Depression -- TWELVE: Do Economic Downturns Have a Silver Lining? -- Epilogue -- Appendix. A Brief Description of Growth Accounting Methods -- Notes -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- X -- Z.

This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed. Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects.

This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the golden age (1948-1973) that followed. Alexander J. Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government-funded build-out of the country's surface road infrastructure. This significant new volume in the Yale Series in Economic and Financial History invites new discussion of the causes and consequences of productivity growth over the last century and a half and on our current prospects. ; https://scholarcommons.scu.edu/faculty_books/1129/thumbnail.jpg