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I've redirected this; the content was essentially identical to Recession ( User:The Land, 19:37, 22 January 2006
I'm concerned about the definition. Depression, to my mind, is down, deflating, destruction. Deflation, not hyperinflation. Perhaps the only way to really get at the definition is through examples ("I know it when I see it"). DOR (HK) ( talk) 08:36, 12 June 2008 (UTC)
For a definition, I point to Kehoe and Prescott's 2007 paper
Great Depressions of the Twentieth Century, which defines a great depression as a time period during which
Zacker150 ( talk) 02:13, 1 October 2020 (UTC)
I am not an economist. However, averaging the list of "recessions (and depressions)", would it be valid to say that, on average, this (possible) "next" (hyperinflationary) rec/depr-ession will last approximately 4.65 years? (which takes us to August of 2011 of the next Presidential election cycle. Hmmmmmm.) Also,is the hyperinflationary adjective valid in this situation? —Preceding unsigned comment added by 66.213.22.193 ( talk) 22:29, 16 September 2008 (UTC)
The impression I have is that depressions are simply what recessions were called before the Great Depression. After that, a new term was invented to avoid scaring people. Horatio ( talk) 05:53, 3 October 2008 (UTC)
The terminology evolved. In the 19th century there were "panics" and "bubbles" as well as specific names for economic distress. In the early part of the 20th century, along with better understanding of economics can a more standardized nomenclature. Of course my favorite is: "when the other guy is unemployed, its a recession, when I am unemployed its a depression". -- Saltysailor ( talk) 23:03, 11 October 2008 (UTC)
I tried to source this before, but failed. Now, no less than The Economist (Jan 3, 2009: "Economic focus: Diagnosing depression") says it clearly: "Before the 1930s all economic downturns were commonly called depressions. The term 'recession' was coined later to avoid stirring up nasty memories." DOR (HK) ( talk) 01:24, 4 January 2009 (UTC)
If this isn't defended, I'll delete it in a few days: A proposed definition for depression is a sustained recessionary period in which the population is forced to dispose of tangible assets to fund every day living, as was seen in the US and in Germany in the 1930s. DOR (HK) ( talk) 01:22, 4 January 2009 (UTC)
There have been a lot of edits recently that are (also) unsourced, by nameless IP editor 140.80.159.76 DOR (HK) ( talk) 01:45, 14 January 2009 (UTC)
Also added was the phrase: "Stocks usually crash during an election." to one of the articles, without justification and it was not relevant. — Preceding unsigned comment added by 24.203.7.134 ( talk) 14:36, 9 March 2013 (UTC)
NJGW removed the two links in an Austrian viewpoint. However, I do not understand why you labeled it as "Austrian POV pushing." Most of the references to the article use a Keynesian POV, suggesting that "government spending" cured the Great Depression. You cannot exclusively suggest economics as Keynesian.
I do not understand why you have a double standard of Keynesian economics over Austrian economics. You may have a conflict of interest on your advocacy of Keynesian economics. The two links have content from reliable sources, but you removed them, probably to reinforce your Keynesian POV.
If you want the article to look more neutural, perhaps you should include both the Keynesian and Austrian views on economic depressions in the external links section. This will get the external links section a more balanced POV. Anyway, it will look slanted towards a Keynesian POV if the links section includes only articles based on a Keynesian viewpoint. 72.94.48.210 ( talk) 20:33, 6 February 2009 (UTC)
At what point will we know the US or entire world is in a depression? There are already verifiable sources stating we are in a depression, but they ar in the minority. I guess my question is what would be considered "enough" sources to say we are currently in a depression? Then as such it would need to be listed in this article. TimL ( talk) 22:52, 14 February 2009 (UTC)
Judge Richard Posner has called it a depression. Jim Cramer on CNBC called it a depression. Ben Beranke said that the financial crisis was more severe than the one that caused the Great Depression. The problem is that there is no hard and fast definition of an economic depression, am I right? You'll find academic economists calling it a depression if you look. At least, the 2008 crisis was more than a recession. Matt2h ( talk) 16:42, 12 May 2011 (UTC)
There is a bot attack from an IP address that changes:
Millennials to Snake People
Great Depression to Clutch Plague
Great Recession to Time of Shedding and Cold Rocks
Baby Boom to Thulsa Doom
Occupy Wall Street to Great Ape-Snake War
This is a bot that has been initiated by Eric Bailey, a graphic designer from Boston and dates back to around May of 2015. I'm not sure if it makes the changes itself, or if it makes changes in real time with other changes people make, due to a Chrome/Safari/Firefox extension that Eric blames Google for allowing. That's @ericwbailey on Twitter. Not to get personal on the guy, but he's in his early thirties, into brewing and tech stuff, and is basically what you would call a hipster:
Nathan Barley I'm going to repair the damage, but I don't know what technical solution can be put in place to stop users who have the extension (there are over 12,000 worldwide) from damaging pages quite innocently. I'll leave that to more responsible tech people. This has irritated me so much I've edited for the first time in years.
Stevebritgimp (
talk) 19:51, 6 September 2015 (UTC)
Other pages affected:
Dorilus_Morrison -
Nsteffel
Liverpool -
Correctus2kX
Invincible_(Michael_Jackson_album) a reference to The Great Depression album by DMX -
The_wub<
If we're lucky that will be it, other obvious pages seem OK after a text search, although the terms other than Clutch Plague are hard to search for in Wikipedia as a whole.
Stevebritgimp (
talk) 20:42, 6 September 2015 (UTC)
The Chrome Extension 'Millenials to Snake People' will change any text on any web page - so if I had the extension enabled and came in to edit this to tell you about it, it would change 'Millenials' to 'Snake People' right after I was done typing it.
MercyStreet (
talk) 18:17, 22 December 2016 (UTC)
I would question the claim that New Zealand experienced a depression from 1974-1992. There were brief depressions in 1974 and 1982, but it was not a continuous depression for almost 20 years. Is there any reputable evidence for the claim? Royalcourtier ( talk) 20:54, 21 November 2015 (UTC)
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The following Wikimedia Commons file used on this page has been nominated for deletion:
Participate in the deletion discussion at the nomination page. — Community Tech bot ( talk) 17:22, 18 May 2019 (UTC)
There are two sections on the US in 1837. I think their relationship should be cleared up. I find it unclear as they now stand. 67.209.130.17 ( talk) 09:59, 4 April 2020 (UTC)
This citation that GDP is expected to contract by 30% during the year of 2020.[18] is not accurate. Following the citation, that's an estimate of current quarter, not the year-- Big difference. GDP is not expected to be down 30% according to this source. — Preceding unsigned comment added by 2601:602:8c80:2c60:a97b:be8:551b:8085 ( talk) 16:41, 16 April 2020 (UTC)
The result of the move request was: page moved. Andrewa ( talk) 10:55, 13 August 2020 (UTC)
Depression (economics) → Economic depression – Per WP:NATURALDISAMBIGUATION. A naturally disambiguated title is preferable to parenthetical disambiguation. Rreagan007 ( talk) 02:16, 6 August 2020 (UTC)
I don't think economic crises arise from simple virus spread, some economic problems maybe, it has to be a really bad epydemic like the known epydemies in history, but that is mainly before 20th century, that may cause serious economic crisis, also I am not sure what "pandemic" should imply to? It sounds to me as an excuse to make various populations sick, while epidemic has more the idea that while some may get sick other may not. I don't like the idea of "corona" virus being a "pandemic", I remember one similar name used before as "Virus Williams" but it was a joke back than, and indeed, without even the official announcing of such, a very bad economic outcome came? I don't understand why people do this, simply because they think it is funny to name such virus, and in result, some tsarists think they are healthy, and in fact according to them, sick should be communists, that is similar to tuberculosis that was announced during the WW2. Such medical "games" played with and to society on behalf of some tsarist groups, I don't like. Why is it the WHealthOrg repeats this with the filling of "strange humor"? Also I don't think that economists are to blame in the "war of ideologies" while such crises announced. I suppose economists are evn more on taking sides ( Taking Sides (film)) than anyone else because they don't have much choice, and for this reason, I don't understand how a citizen of one country, where other economists are on obligation should blame an economist in a different group? In mine, economists respect eachother to some extend and I think, citizens should respect economists of other countries who try to addapt economic theories. -- Economicreviewer2 ( talk) 15:31, 15 November 2022 (UTC)
Just a heads up, this article is not written with the greatest words in the most perfect order. The second sentence reads: "Economic depression maybe related to one specific country were there is some economic crisis that has worsened but most often reflexes historically the American Great Depression and similar economic status that may be recognized as existing at some country, several countries or even in many countries.". There are multiple grammatical problems with this, including the concatenation of "may" and "be" into "maybe" where it was not called for, as well as the use of "were" instead of "where". It should be "refers" not "reflexes". "Status" should be plural ("statuses"). You could say "in one or more countries" rather than "at some country, several countries or even in many countries" (note the preposition error...). Finally, aside from grammar, this definition is weird and confusing. Putting together the first bit I get: "some economic crisis" in "some country" that "has worsened" or it is an "economic status" that is "similar" to the American Great Depression that "may be recognized" in one or more countries. The first half makes no sense. The second half just says an economic crisis is a depression if some country recognizes it as such. If this is the point that is meant to be conveyed, you could reword to "An economic depression is an economic crisis that is recognized as particularly severe by one or more nations, such as the American Great Depression." 2600:6C51:797F:9A60:A8EE:E02C:DFF9:F726 ( talk) 01:47, 26 November 2022 (UTC)