Suur depressioon kui moraali ja mõistuse kriis Eduard Tennmanni majandusteemalistes kirjutistes
The Great Depression as a Crisis of Morality and Reason in Eduard Tennmann's Economic Writings

Summary/Abstract: The Great Depression as a Moral and Rational Crisis in Eduard Tennmann’s Economic Writings. Eduard Tennmann, one of the major figures of Estonian theology in the 20th century, is a rare example of theologians being actively involved in economic debates. Tennmann published numerous, still relatively unresearched, papers on economics and finance during the period of the Great Depression. The article presents the economic ethics reflected in his writings, but focuses mainly on his views on monetary policy. Even though Tennmann’s idea of using loan certificates to boost the economy was criticised as being too theoretical for real-life application, it is argued in the article that the idea was based on the US banking practice. The paper also examines Tennmann’s controversial tendency to rely on antisemitic conspiracy theories to explain the causes of the economic crisis.

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