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Parallels with the past

It took 26 years before the definitive book of the 1929 Crash was published, but it is unlikely to take so long for a similar one on the Great Crisis to appear

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Parallels with the past

It took 26 years before the definitive book of the 1929 Crash was published, but it is unlikely to take so long for a similar one on the Great Crisis to appear

A man of learning

“It was the book that inspired me to become an economist,” says noted scholar Dr. Olivia S. Mitchell of The Great Crash 1929. “I read it when I was about 16. It is short and wonderfully written. Later I got to study at the foot of the great man.”

Mitchell, the professor of insurance and risk management at the University of Pennsylvania’s Wharton School, is only one of a generation inspired by Galbraith and his work.

“My father had that effect on a lot of people,” commented James K. Galbraith and added wryly. “One of his least forgivable traits was that he managed to persuade a lot of people that economics is a lot more interesting than it actually is.”

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