Politics in Hard Times

This book examines the political influences on economic policies during major crises, highlighting various countries' responses and lessons learned.

In Politics in Hard Times, Peter Gourevitch delves into the intricate relationship between politics and economic policy during times of crisis. He examines three significant periods of economic turmoil: the long depression from 1873 to 1896, the Great Depression and its aftermath from 1929 to 1949, and the ongoing challenges since 1971. Through this lens, Gourevitch reveals how political decisions are often influenced by the economic conditions of the time, leading to varying policy responses across different nations.

The author meticulously compares the approaches taken by five key countries: Britain, France, Germany, Sweden, and the United States. By analyzing the political dynamics at play during each crisis, Gourevitch identifies patterns and divergences in how these nations reacted to economic challenges. This comparative analysis not only sheds light on historical events but also provides valuable insights into contemporary economic policy debates.

Ultimately, Politics in Hard Times serves as a crucial reminder of the interplay between politics and economics. Gourevitch's work encourages readers to consider how past crises have shaped current policy choices and the potential implications for future economic challenges. His thorough exploration invites reflection on the lessons learned and the ongoing relevance of political decision-making in shaping economic outcomes.