A guide to economic crises from tulips to coronas
This book is about crises. A downturn due to a pandemic is different from a financial crisis, which in turn is only superficially reminiscent of the fever during which tulips were sold for the price of houses. But most crises have something in common - they are the result of blowing bubbles that were previously inflated.
This book tells the stories of major economic crises from the Tulip Fever in the Netherlands, through the Great Depression, to the coronavirus pandemic. Against the background of these stories, he explains how economists understand why economic bubbles form and what happens when they burst.
