I came across this paper by Lee Ohanian of Minneapolis Fed , who has done some great work on Great Depression. The paper is a review of this book – The Defining Moment (free to download chapetrwise)- written on Great Depression by various economists and edited by Michael D. Bordo, Claudia Goldin, and Eugene N. White.
The abstract of the paper is quite interesting and apt for today’s times:
This paper reviews The Defining Moment, edited by Michael D. Bordo, Claudia Goldin, and Eugene N. White. The volume studies how the Great Depression changed government policies, including changes in monetary policy, fiscal policy, banking policy, agricultural policy, social insurance, and international economic policy.
I argue that a theory of policy evolution is required to answer how the Great Depression affected these policies. In the absence of this theory, the contributors provide insight into the question by showing how policies changed sharply…
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Utopia, you are standing in it! 
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