World-System (1900-1950) World In Depression

  Untangling the causes of the Great Depression in the 1930s United States will not be an easy task. There are many assumed causes (see the Notes below) and equally many theories: Monetary ,  Keynesian , Marxist ,  Austrian School , Debt-Deflation , Structural , International ( Gold Standard ), and Policy Failures (see the Summary Tables in the Notes ). What has not been tried is a System Theoretic explanation. To avoid any misunderstanding, if that is possible, what I mean by a "System Theoretic Explanation" is developing a State Space Representation of the US Economy and the World-System in the period (1900-1950) and then experimenting with the model using computer simulation . The difference between a State Space model and an Economic Model (discussed in more detail here ) is that the  State Space Representation  studies attributes of the "System" (attributes such as stability , controllability , mechanization, etc. more information on model propertie...