Recession or depression? part II
The economic performance during the current recession is sharply different from the 1929-33 episode in most key respects, but not in all...
The economics of the great depression
Comprising a series of unique and informative interviews, this original book focuses on the evolution and current state of the economic literature on the Great Depression. Renowned economists assess the status of the remaining debates, evaluate what economists do and do not know about the economics of the interwar era, and examine the new directions economic research is taking in attempting to better understand this important economic epoch.
To Devolve or Not To Devolve? Welfare Reform in the States
This article analyzes variation in the degree to which states have responded to the devolution of welfare at the federal level by devolving authority over welfare policy to local government. I find that to the extent that states have devolved authority to lower levels of government, they tend to be states that already had a high degree of involvement of local government in welfare provision. In states without this record of local government involvement, the devolution that has occurred has not generated greater involvement of local government, but rather responsibility has been devolved to regional entities with ties to workforce development and with a substantial degree of business involvement. As states gain increasing authority over a redistributive policy, they may begin to treat it as a subset of a larger developmental policy—workforce development.