Misunderstanding Financial Crises: Why We Don't See Them Coming by Gary B. Gorton
English | 2012 | ISBN: 019992290X | 293 Pages | PDF | 3 MB
English | 2012 | ISBN: 019992290X | 293 Pages | PDF | 3 MB
Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007.
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