Abstract

Editorials
October 1, 1930 issue

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The article focuses on the effect of industrial depression on the world economy. Governments of the world move about, like men in a dream, inconsequentially trying this and that expedient, hoping vainly for a turn in the economic situation that will relieve them of an unwelcome responsibility and will enable them to claim credit for a change that they did not occasion. Most of their expedients, unhappily, are calculated to make matters worse rather than better, like the prescriptions of quack doctors who dose their patients without having any real understanding of their disease.

See Also:

DEPRESSIONS; INTERNATIONAL economic relations; ECONOMIC development; GOVERNMENT policy; ECONOMIC recovery; BUSINESS cycles
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