Crisis Economics: A Crash Course in the Future of Finance

The last two decades alone have witnessed comparable crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan, and Argentina. All of these crises-not to mention the more sweeping cataclysms such as the Great ... But if you look at financial crises through history â€" and the earliest is the Tulipmania in the Netherlands in the 17th Century â€" you see a pattern that is highly regular and predictable: An asset bubble â€" often in real estate or in stock markets or in ...