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Some differences between the Great Depression and the Recient Crisis: learning a lesson
[Diferencias entre la Gran Depresión y la crisis actual: Aprendiendo una lección]

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Abstract

In this work we try to point out the lost opportunity on the occasion of the treatment of the recent crisis, forgetting principles and theories that were successfully applied in the Great Depression. Our analysis is based in the recuperation and interpretation in the framework of the present time of the work and thought of the professor and distingue member of the Bloomsbury Group, John Maynard Keynes. In this comparative analysis we find a strong contrast between the economic policy outlined by our honorable English economist, and the presence of a recalcitrant single thought and a reductionist determinism that have characterized the economic policies bring about in the crisis years in our country and, in general, in the Eurozone area, given rise to an avoidable situation of austerity and recession. Abstract: Este artículo pretende poner de manifiesto la oportunidad perdida que ha supuesto el tratamiento de la crisis padecida en los últimos siete años por los países de la Eurozona al olvidar, al llevarlo a cabo, principios y teorías fundamentales de la Ciencia Económica que, sin embargo, se aplicaron y surgieron sus efectos en los tiempos de la Gran Depresión. Como no podía ser de otra manera, el análisis se basa en una recuperación e interpretación en el marco de referencia de nuestros tiempos de la obra y el pensamiento de John Maynard Keynes, apreciándose un fuerte contraste entre la política económica diseñada por el ilustre economista inglés y la que Europa, de forma impuesta e indiscriminada y basada en la incorregible tendencia al pensamiento único, ha aplicado de forma simple y extremadamente reduccionista, provocando una situación evitable de recortes, austeridad y períodos de recesión. Keywords: Great Depression, Recent crisis policies, Keynesian Economics, Single thought, Reductionist determinism, Austerity, Recession. Keywords: Gran depresión, Crisis reciente, Pensamiento keynesiano, Reduccionismo, Austeridad, Recesión.

Suggested Citation

  • Andrés Fernández Díaz, 2015. "Some differences between the Great Depression and the Recient Crisis: learning a lesson [Diferencias entre la Gran Depresión y la crisis actual: Aprendiendo una lección]," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 15-06, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
  • Handle: RePEc:ucm:doctra:15-06
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