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This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. Its wide geographic and historical coverage of episodes in North America, Europe, Latin America and Asia will appeal to scholars and students of economics and history.
List of contents
1. Introduction; 2. Recessions and depressions: an overview of theories and empirics; 3. World War I, hyperinflation in the 1920s and World War II; 4. The Great Depression of the 1930s; 5. Stagflation in the 1970s, globalization and the financial crisis of 2008-9; 6. Two depressions in the early twenty-first century: the cases of Latvia and Greece; 7. Soviet-type of socialism and the post-socialist transition; 8. Economic crises in Latin America and East Asia; 9. Synthesis and interpretation.
About the author
Andrés Solimano is Founder and Chairman of the International Center for Globalization and Development (CIGLOB). His most recent books include Global Capitalism in Disarray: Inequality, Debt, and Austerity (2017); Pensiones a la Chilena (2017); Economic Elites, Crises, and Democracy (2014); and International Migration in the Age of Crisis and Globalization (Cambridge, 2010).
Summary
This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. Its wide geographic and historical coverage of episodes in North America, Europe, Latin America and Asia will appeal to scholars and students of economics and history.
Additional text
'The statistics collected by Solimano in this book are a gold mine for economists. He goes beyond simple lack-of-demand analyses and points out limitations of Keynesian stabilization policy as important, and at times useful, could not be a miracle cure for recessions.' Vito Tanzi, author of Termites of the State
