Why bother with a book written three quarters of a century ago
about the 1930s world economic crisis? Didn't John Kenneth
Galbraith publish the definitive work on the subject in 1955?
Historians write with the benefit of distance and perspective. But
there is nothing quite like a good contemporary account. Richard
Lewinsohn combines wit, perspicacity and a sceptical eye for the
follies of his own times with a rare historical perspective. It
took journalistic courage to argue in 1934 that the crisis he
chronicled - though the greatest in history - was neither
unprecedented nor likely to be the last of its kind. The financial
upheavals since 2007 and the economic impact they have had
underline Lewinsohn's wisdom.
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