Specificity and the Macroeconomics of Restructuring - Ricardo J. Caballero - Google Books

http://books.google.de/books?id=2L-wAEYqu9AC&pg=PA192&dq=great+depression+liquidationism&hl=de&sa=X&ei=LREDUJnAL8vfsga3_I3eAg&ve

A proposal that the notion of specificity -- the idea that factors of production are not interchangeable -- can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and…