Economic and Mental Depression

Carrol Cox cbcox at rs6000.cmp.ilstu.edu
Sat Jul 1 20:23:11 MDT 1995


    I rather like the wordplay, but one should be aware of the original use of
"depression" as an economic term. Up to 1930 or so the generic term for serious
economic slumps was "slump." It is the word used by most Marxists from 1910 to
193?. Herbert Hoover coined the term "Depression." His point was that the
current slump was really not a slump, it was just a shallow little
"depression," and prosperity was just around the corner.
            Carrol Cox. Illinois State Univ. (Incidentally, "Carrol" with two
r's, and either one or two l's) is masculine.)


     --- from list marxism at lists.village.virginia.edu ---

     ------------------



More information about the Marxism mailing list