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Financing the Apocalypse: Drivers for Economic and Political Instability
Hardcover
Series: Palgrave Insights Into Apocalypse Economics
EconomicsGeneral Political Science
ISBN13: 9783030047191
Publisher: Palgrave Macmillan
Published: Jan 12 2019
Pages: 328
Weight: 1.54
Height: 1.06 Width: 5.83 Depth: 8.27
Language: English
As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves.
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