Niveau: Supérieur, Doctorat, Bac+8
VIEWS FROM EUROPEAN PERIPHERY BULGARIAN ECONOMISTS DURING THE GREAT DEPRESSION NIKOLAY NENOVSKY* UNIVERSITY OF WORLD AND NATIONAL ECONOMY, SOFIA LE STUDUIM, UNIVERSITY OF ORLEANS June 2010 Paper presented at ?-Bank Historical Conference “The Great Depression and Economic Thought in Europe's less industrialized countries Revisited” Corfu, 1-2 October 2010 (Version provisoire) Summary In this study I present my views on two main issues. The first deals with the question of how the Bulgarian academic community interprets the Great Depression, in what theoretical models Bulgarian economists think and the practical solutions they offer. This involves elaborating typical elements leading to their theoretical and practical models, highlighting the specific Bulgarian interpretation of depression and the contribution of Bulgarian economists. And most importantly, what makes them gradually realize the structural characteristics of the crisis and in what socio-economic model they see the future state of the economy. The second issue is concerned with identifying the main channels, the main factors leading to the formation of these models and of the Bulgarian knowledge on crises and depressions. The paper is organized in four sections. The first one presents the Bulgarian economic thought on the eve of the Depression grouped in five intellectual traditions. In the second section I presents two main models of interpretation of the Great Depression (cyclical and structural), as well as different forms of the structural model.
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