This book presents a delicious paradox. Mary Klein, a Professor of History at the University of Rhode Island, has assembled a remarkably detailed, wonderfully readable and eminently literate account of the decline and fall of the American economy. His research is stunning, his words superbly chosen. This is a classic of economic history, a standard by which other histories are going to be judged. And it is timely, for 2001 appears to be the rim of an abyss, like that of the 1930s. Are we about to fall in once more?
Prof. Klein doesn't say. Historians often tend to say that they are interested in evidence, not in laws of causation. Yet in his prologue, Prof. Kelin mentions the dilemma of scholars trying to explain the G
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