Econ prof and major co-write article on the Great Dpression and WWII
The cover story in the Winter 2013 issue of The Independent Review, "The Reality of the Wartime Economy: More Historical Evidence on Whether World War II Ended the Great Depression," was written by Dana Professor of Economics Steven Horwitz and economics major Michael McPhillips '11. To read the the article, click here and then scroll down (no subscription necessary).
Abstract: The notion that World War II is responsible for ending the Great Depression has met growing skepticism among economic historians. Although the wartime economy saw increases in conventional measures of macroeconomic performance, the letters, journals, and newspapers of the era indicate years of continued material deprivation and hardship, rather than rising living standards for the average American..