Lessons of the Great Depression

WASHINGTON, Jan. 20, 2012 /PRNewswire-USNewswire/ -- Don't call it a recession. In the Winter 2012 issue of The Wilson Quarterly, Robert Z. Aliber says America's current economic woes amount to a "Mini-Depression"—one that could have been avoided if the government had intervened a few weeks earlier. Robert J. Samuelson draws a different conclusion: just as the West prolonged the Great Depression by clinging to the gold standard, our unwillingness to reexamine the welfare state today will delay recovery. Louis Hyman traces the century-long history of borrowing that led to economic disaster.

Also in the issue:

• Pakistan's Most Dangerous Place: Zahid Hussain warns that a remote region of Pakistan will play an outsized role in Afghanistan's future—and in Al Qaeda's growing prospects for revival.
• Nietzsche in America: Jennifer Ratner-Rosenhagen tells the story of America's romance with the dour German philosopher Friedrich Nietzsche, who inspired "end of history" thinker Francis Fukuyama and others. Man as Machine: Max Byrd takes readers to 18th-century France, where an inventor's quest for mechanical life blurred the lines between human and machine.

To request review copies or PDFs, contact assistant editor Cullen Nutt at (202) 691-4127 or [email protected].

The Woodrow Wilson International Center for Scholars is the living national memorial to President Wilson established by Congress in 1968 and headquartered in Washington, D.C. It is a nonpartisan institution, supported by public and private funds, engaged in the study of national and world affairs. The Center establishes and maintains a neutral forum for free, open, and informed dialogue.

Notes to Editors

1. The Woodrow Wilson International Center for Scholars is the national, living memorial honoring President Woodrow Wilson. The Wilson Center provides a strictly nonpartisan space for the worlds of policymaking and scholarship to interact. By conducting relevant and timely research and promoting dialogue from all perspectives, it works to address the critical current and emerging challenges confronting the United States and the world. Created by an Act of Congress in 1968, The Wilson Center is a non-partisan institution headquartered in Washington, D.C. and supported by both public and private funds.

Contact: Drew Sample
Phone: (202) 691-4379
[email protected]

SOURCE The Wilson Center

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