Author Spotlight: Michael Jolly - Ryerson University

September 28, 2017

BY: Kendall Hunt

Michael Jolly - Ryerson University

Author of ‘The Global Economy: from the Great Depression to the Great Recession


I have Masters degrees in economics from Auckland University and the London School of Economics and a PhD in economics from the University of Toronto and have taught at universities in Canada and New Zealand. My research interests include industrial organization, international economics and, more recently, the economic history of Asia.

Experience with Kendall Hunt

It has been a pleasure to work with the Kendall Hunt team. The editors have done a superb job and the members of the support staff have made many invaluable suggestions. They can always be counted on to respond promptly and effectively to any requests for assistance or advice.


The Global Economy: from the Great Depression to the Great Recession’ focuses on developments in the international economy since the First World War. The book combines chapters describing the economic theories essential to an understanding of the international economy with careful descriptions of the institutional structures driving the international economy, such as the Gold Standard, the Bretton Woods System, and the international institutions which currently play such a major role in the world economy. It emphasizes the causes of global economic instability, providing descriptions and analyses of the major economic crises of the twentieth and twenty-first centuries, including the German hyperinflation of the 1920s, the Great Depression of the 1930s, and the Sub-Prime Mortgage Crisis of 2007-2008. As the title of the book suggests, the Great Depression of the 1930s is compared and contrasted with the recent ‘Great Recession’.

This book differs from other works dealing with the international economy by providing in one volume a sound basis of international economic theory, a historical account of the major economic crises of the past century, a description and analysis of contemporary international economic institutions, and an account of the alternative approaches to economic policy adopted by modern nations and regions. The coverage is not limited to the experience of the industrialized countries of Europe and North America but also includes chapters on the economies of Asia, Africa, and the Middle East, as well as the former Socialist economies. The book contains historical material but also addresses very contemporary issues. Subjects discussed include but are not limited to the European Sovereign Debt Crisis, ‘Brexit’, the economic causes and effects of the Arab Spring, and the future prospects for China’s economy.

A full set of power points to be used with the book is available on the associated website at Kendall Hunt.