Brian Easton

Listener 10 December, 1977. This is the first of my Listener columns

Keywords: Macroeconomics & Money; Political Economy & History;

New Zealand is in the middle of its third great depression. Our first, the long depression, commenced in the late 1860s and finished in the 1890s. Our second, the inter-war depression, was from 1921 to 1939. The third comrnenced in the mid-1960s; its end is not in sight.