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Critics warned from the beginning that austerity in the face of depression would only make that depression worse.
In his depiction of Chandler, Lonergan challenges a bromide that is often invoked in the face of depression or sorrow: that personal growth can be wrested from even the most terrible suffering.
Nutt D, Demyttenaere K, Janka Z, Aarre T, Bourin M, Canonico PL et al. The other face of depression, reduced positive affect: the role of catecholamines in causation and cure.
Half a century ago, any economist or for that matter any undergraduate who had read Paul Samuelson's textbook "Economics" could have told you that austerity in the face of depression was a very bad idea.
Half a century ago, any economist — or for that matter any undergraduate who had read Paul Samuelson's textbook "Economics" — could have told you that austerity in the face of depression was a very bad idea.
Actually, they're wrong; it's austerity in the face of depression that's just like heroin, a dangerous drug that resurfaces at intervals because the next generation has forgotten the damage it does.
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In the PBS series, Faces of Depression former Fortune 500 CEO (at the age of 35) Philip Burguieres estimates that half of all CEOs experience depression during their careers.
He became the public face of unipolar depression, a role that he willingly, sympathetically inhabited.
His efforts to win recognition for his union of black railroad porters have stalled in the face of the Depression and the Pullman Company's racist intransigence.
But as the war in Europe intensified with France surrendering to Germany and England fighting on, ramped-up military production began to reduce the persistent unemployment that was the main face of the depression.
This happened in the 1920s Weimar Republic, which opted for hyperinflation rather than paying the reparations bill, and in 1930s Britain, which abandoned the gold standard in the face of the Depression.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com