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Author
Publisher
Oxford University Press
Pub. Date
[2012]
Physical Desc
xiv, 278 pages : illustrations, map ; 25 cm
Language
English
Description
Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. In this book the author argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. The book offers a back-to-basics overview of financial crises, and shows that they are not rare, idiosyncratic events caused by a perfect storm...
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