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Boom and Bust Financial Cycles and Human Prosperity
Boom and Bust Financial Cycles and Human Prosperity
- ISBN 13:
9780844743837
- ISBN 10:
0844743836
- Format: Paperback
- Copyright: 12/16/2010
- Publisher: Aei Press
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Summary
The cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity. So, while it is helpful to understand what causes these downturns, the more important questions to consider are "What makes the 'boom and bust' cycle so predictable?" and "What are the ethical responsibilities of the citizens of a free market economy?"
