Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to an

This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequa

While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of econom

Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility th

This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles c