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Bulgaria during the Great Depression. In search of a new economic and social development model

Author

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  • Nikolay Nenovsky
  • Tsvetelina Marinova

Abstract

The main purpose of the study is to present the general dynamics of the Great Depression in Bulgaria, the causes and factors that gave a specific appearance to its manifestation in the country, its phases and forms, as well as the subsequent structural change and trajectory of the Bulgarian economy and society. Along with reconstructing the historical facts, we have tried to present the history of economic thought and the debates that accompanied them. Without falling into determinism, we argue that the overall dynamics of the causes, phases and consequences of the Great Depression had an internal logic and causal consistency.

Suggested Citation

  • Nikolay Nenovsky & Tsvetelina Marinova, 2022. "Bulgaria during the Great Depression. In search of a new economic and social development model," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 513-540.
    • Handle: RePEc:bas:econth:y:2022:i:5:p:513-540
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    References listed on IDEAS

    as
    1. Nikolay Nenovsky & Pencho Penchev, 2018. "Between Enthusiasm and Skepticism: Bulgarian Economists and Europe (1878-1944)," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2018(1), pages 27-55.
    2. Bertrand BLANCHETON & Nikolay NENOVSKY, 2013. "Protectionism and Protectionists Theories in the Balkans in the Interwar Period," Cahiers du GREThA (2007-2019) 2013-02, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    3. Nikolay Nenov Nenovsky & Dominique Torre, 2015. "Productivity-Based Protectionism: A Marxian Reconstruction of Mihail Manoilescu’s Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 49(3), pages 772-786, July.
    4. Nenovsky, Nikolay, 2012. "Theoretical Debates in Bulgaria during the Great Depression Confronting Sombart, Marx and Keynes," OEconomia, Editions NecPlus, vol. 2012(01), pages 67-101, March.
    5. K. Dimitrova & Nikolay Nenovsky & G. Pavanelli, 2007. "Exchange rate control in Italy and Bulgaria in the interwar period. History and Perspectives," Post-Print halshs-00259693, HAL.
    6. Alessandro Roselli, 2014. "Money and Trade Wars in Interwar Europe," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-32700-0.
    7. Larry Neal, 1979. "The Economics and Finance of Bilateral Clearing Agreements: Germany, 1934-8," Economic History Review, Economic History Society, vol. 32(3), pages 391-404, August.
    8. Torre Dominique & Nenovsky Nikolay, 2022. "Debates, Plans and Interventions to Overcome the 1931 Banking Crisis in Romania and Bulgaria," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 63(2), pages 495-525, November.
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    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-

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