Monthly Archives: January 1980

Three New Zealand Depressions

New Zealand and the World: Essays in Honour of Wolf Rosenberg ed W.E. Wilmott, (1980) p.72-87.

Keywords: Macroeconomics & Money; Political Economy & History;

The graphs which illustrated the tables are not included

By 1979 it was evident to even the conventional wisdom that New Zealand was in its greatest economic crisis since the 1930s. It is natural to ask whether there are similarities between this crisis and the earlier ones in the 1880s and the 19305, and if so, whether we can learn from our history.