Past, Present and Policy: 4th International Conference - The Sub-prime Crisis and how it Changed the Past

As the sub-prime crisis amplified, economic historians have been in high demand. Comparisons and parallels with the 1929 crises have dominated many policy discussions. However for economic historians, the most policy relevant implication of the crisis is the extent to which it has affected earlier wisdoms regarding what ought to be done to deal with major crises. Much of our current policy prescriptions have been shaped as a response to the interwar crisis– yet it remains to be seen whether they can fly. At the end of the day both the present and the past will no longer be what they used to[...]