Prof. Bryan Caplan

bcaplan@gmu.edu

http://www.gmu.edu/departments/economics/bcaplan

Econ 816

Spring, 2000

 

HW#5

 

Part 1: Analytical Problems

 

TYPE short (HALF a page or less!) answers to 6 of the following 7 questions.

 

White, problems 3.3, 3.5, 3.6, 5.1, 5.4, 6.6, 12.2

 

TYPE short (ONE page or less!) answers to BOTH of the following questions.

 

1.  How could Wittman explain the economics and politics of the Great Depression?  What might Caplan ("The Logic of Collective Belief"; "Sociotropes, Systematic Bias, and Political Failure") say in response?

 

2.  "The Great Depression shows that commodity money and unregulated banking are a recipe for macroeconomic disasters."  Is there anything to this argument?  Why?