Better off in a Stocking
Jamie Martin: The Financial Crisis of 1914, 22 May 2014
Saving the City: The Great Financial Crisis of 1914
by Richard Roberts.
Oxford, 320 pp., £20, November 2013,978 0 19 964654 8 Show More
by Richard Roberts.
Oxford, 320 pp., £20, November 2013,
“... Roberts, is that it doesn’t correspond neatly to standard typologies. On the well-known model of Charles Kindleberger (building on the work of Hyman Minsky and Irving Fisher), a crisis occurs after an exogenous shock to an economic system gives rise to an unsustainable bubble of speculative activity, which, when it bursts, precipitates a mad race for ... ”