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A History of Financial Crises: Dreams and Follies of Expectations
Paperback
Series: Economics as Social Theory
AccountingEconomicsInvesting & Finance
ISBN13: 9780415687256
Publisher: Routledge
Published: Nov 28 2014
Pages: 500
Weight: 1.49
Height: 1.20 Width: 6.00 Depth: 8.90
Language: English
Once-in-a-lifetime financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.
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