Insights for Today's Trying Economic Times

In G. P. West & R. M. Whaples (eds.), The Economic Crisis in Retrospect: Explanations by Great Economists, pp. 1-12. Edward Elgar: London (2013)

8 Pages Posted: 14 Nov 2017

See all articles by Robert M. Whaples

Robert M. Whaples

Wake Forest University - Department of Economics

G. Page West

Wake Forest University

Date Written: 2013

Abstract

In meeting these current and future challenges politicians, policymakers, and academics have naturally sought the wisdom of eminent economists of the past and turned to the lessons of history. Although applying the insights of men like Walter Bagehot, Thorstein Veblen, John Maynard Keynes, Joseph Schumpeter, Friedrich Hayek, and Milton Friedman to today's trying times risks asking questions that dead men are ill-equipped to answer, putting words into their mouths, and projecting our own opinions disguised in their authoritative mantles, the contributors to this volume all believe that this is a useful exercise; we can gain crucial insights for today and tomorrow from great economists of yesterday. Although they recognize that the historical record is often murky, our contributors agree that we can learn a lot from history.

Suggested Citation

Whaples, Robert M. and West, G. Page, Insights for Today's Trying Economic Times (2013). In G. P. West & R. M. Whaples (eds.), The Economic Crisis in Retrospect: Explanations by Great Economists, pp. 1-12. Edward Elgar: London (2013). Available at SSRN: https://ssrn.com/abstract=3067755

Robert M. Whaples

Wake Forest University - Department of Economics ( email )

Winston-Salem, NC 27109
United States

G. Page West (Contact Author)

Wake Forest University ( email )

School of Business
1834 Wake Forest Road
Winston-Salem, NC 27106
United States

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