The difference between historians and economists on causes of the Depression seems to rest primarily on the distinction between "underconsumption" and "inadequate aggregate demand". I doubt that most historians, or history students, would understand this distinction. I've also found that historians tend to insist on distinctions that make no sense to economists (like me).
The difference between historians and economists on causes of the Depression seems to rest primarily on the distinction between "underconsumption" and "inadequate aggregate demand". I doubt that most historians, or history students, would understand this distinction. I've also found that historians tend to insist on distinctions that make no sense to economists (like me).