Fraser: Why we still can’t call it a “depression”
Last night’s debate was yet another reminder that the current economic crisis continues to weigh heavily on the American mind. And, as questions about the economy keep Obama and McCain on their toes, Yale University Press author Steve Fraser has been busy commenting on the crisis both in print and on air. Fraser’s new book Wall Street: America’s Dream Palace profiles the iconic Wall Street types–the Aristocrat, the Confidence Man, the Hero, and the Immoralist–all of whom have played a significant role in our current predicament.
In an op-ed in yesterday’s Los Angeles Times, Fraser analyzed the aversion to the word “depression”, arguing that the term’s psychological associations make it Kryptonite to pundits and candidates alike. Last week, he also sat in with NPR’s Terry Gross on “Fresh Air”. To listen to the program online, click here.
For a sampling of the Press’s other business books, visit our online catalog. In the meantime, heed Robert Wilcox‘s advice in Whatever Happened to Thrift? and watch those debts!