The corollary to the “The Great Gatsby” in the literature of economics is another old “great,” “The Great Crash 1929,” by the economist John Kenneth Galbraith. Galbraith’s narrative, like Fitzgerald’s, is subtle, conjuring complex characters. Yet the effect of both books is the same: to display the 1920s as a decade full of false numbers and false people, reckless pilots who caused an economic wreck so catastrophic it necessitated 10 years of Depression.
February 27, 2013
By Amity Shlaes (who has a new book on Coolidge):