Working Papers
A Network Approach to Geopolitics
Economics Working Paper 26127
October 16, 2026
Published November 5, 2020
The Great Depression created the perception that the government should continually stabilize the economy. As a result, the power of government has grown enormously. But we now know that government policies extended and intensified the Great Depression.
Discussion Questions
- Why did the government grow so rapidly during the depression?
- Did the government intervention stabilize the economy?
Additional Resources
- Watch as Milton Friedman explains the Great Depression. Available here.
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