Global Economic Storms

Their Causes, Similarities & Impact on Growth

Business & Finance, Economics, International Economics, Development & Growth, Economic History
Cover of the book Global Economic Storms by Lawrence Crooks, Lawrence Crooks
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Lawrence Crooks ISBN: 1230000095534
Publisher: Lawrence Crooks Publication: December 20, 2012
Imprint: Language: English
Author: Lawrence Crooks
ISBN: 1230000095534
Publisher: Lawrence Crooks
Publication: December 20, 2012
Imprint:
Language: English

The Great Depression, like the Great Recession of 2008-2009, has been incorrectly framed as the result of a failure of our banking and investment institutions. This narrow focus on our financial institutions as the key causes of this type of crisis, while ignoring the rest of the economy, has dominated the discussion and our understanding of these events for close to a century. Yet we still have no clear explanation for the slow economic and employment growth that followed each of these two crises, or for the reasons behind the formation of the massive asset bubbles that preceded them and that seem to fly in the face of our belief in rational, efficient financial markets.


Like major storms and other weather events, these economic convulsions have understandable underlying causes. This book provides a broader framework in which to understand these fundamental forces and how they shaped the events of the Great Depression and our recent Recession. These two global economic storms were not the only ones of the industrial age but were preceded by the Long Depression, which started in 1873 and also impacted the rest of the world.


It is only in the last two centuries that we have experienced rapid economic growth that was faster than population growth. This rapid growth was clustered in the early industrializing countries and was unequal as industrialization initially diffused across Europe and the US. The US today finds itself in a similar position to the British Empire in 1873, which was the start of the transition from British to US economic dominance. Not understanding the underlying forces and causes of these three economic storms confines us to incomplete and ineffective solutions today.  Global Economic Storms is the first and only book to probe to the root causes of these great crises and to lay out a rational approach to addressing those that loom on our horizon.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Great Depression, like the Great Recession of 2008-2009, has been incorrectly framed as the result of a failure of our banking and investment institutions. This narrow focus on our financial institutions as the key causes of this type of crisis, while ignoring the rest of the economy, has dominated the discussion and our understanding of these events for close to a century. Yet we still have no clear explanation for the slow economic and employment growth that followed each of these two crises, or for the reasons behind the formation of the massive asset bubbles that preceded them and that seem to fly in the face of our belief in rational, efficient financial markets.


Like major storms and other weather events, these economic convulsions have understandable underlying causes. This book provides a broader framework in which to understand these fundamental forces and how they shaped the events of the Great Depression and our recent Recession. These two global economic storms were not the only ones of the industrial age but were preceded by the Long Depression, which started in 1873 and also impacted the rest of the world.


It is only in the last two centuries that we have experienced rapid economic growth that was faster than population growth. This rapid growth was clustered in the early industrializing countries and was unequal as industrialization initially diffused across Europe and the US. The US today finds itself in a similar position to the British Empire in 1873, which was the start of the transition from British to US economic dominance. Not understanding the underlying forces and causes of these three economic storms confines us to incomplete and ineffective solutions today.  Global Economic Storms is the first and only book to probe to the root causes of these great crises and to lay out a rational approach to addressing those that loom on our horizon.

More books from Economic History

Cover of the book States of Credit by Lawrence Crooks
Cover of the book Securing Prosperity by Lawrence Crooks
Cover of the book What is Heterodox Economics? by Lawrence Crooks
Cover of the book The New Future of Money: How Our Debt Money System is Wrecking the World And How You Can Change It by Lawrence Crooks
Cover of the book A Brief History of Panics and Their Periodical Occurrence in the United States, Third Edition by Lawrence Crooks
Cover of the book Economic Performance in South- East European Transition Countries After the Fall of Communism by Lawrence Crooks
Cover of the book The Routledge Handbook of Modern Economic History by Lawrence Crooks
Cover of the book Mitarbeiterbindung im Einflussfeld gesellschaftlicher Modernisierung in Mittel- und Osteuropa by Lawrence Crooks
Cover of the book Introducing Money by Lawrence Crooks
Cover of the book Pop! by Lawrence Crooks
Cover of the book Understanding Financial Crises by Lawrence Crooks
Cover of the book Property and Freedom by Lawrence Crooks
Cover of the book Theorien der Internationalen Politischen Ökonomie by Lawrence Crooks
Cover of the book Le Capital et son espace by Lawrence Crooks
Cover of the book Pamphlets by Lawrence Crooks
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy