Vague, Richard: A brief history of doom
- 23 Downloads
In little more than two hundred pages, Richard Vague’s book, A Brief History of Doom (2019), gives us a detailed and well documented historical reconstruction of some major financial crises from the early nineteenth century to the present. The six chapters of the book cover the Great Depression (chapter 1); the 1980s crisis (chapter 2); the Japan 1990 crisis (chapter 3); the 1819–1840 crises (chapter 4); the railroad crises of 1847–1907 (chapter 5); the 2008 crisis (chapter 6).1 The book contains two additional chapters, an introduction and the conclusions. The introduction outlines the ‘anatomy of financial crises’ and it is the author’s attempt to single out some of those features of crises that he regards as general.2 The conclusion concentrates on possible ways to foresee and prevent financial crises and the most adequate policies to deal with such problems.
JEL ClassificationE44 E51
- Goodhart CAE (2005–2006) What can academics contribute to the study of financial stability? Econ Soc Rev 36(3):189–203Google Scholar
- Hahn FH (1965) On some problems of proving the existence of an equilibrium in a monetary economy. In: Hahn FH, Brechling FPR (eds) Theory of interest rates. Macmillan, London, pp 126–135Google Scholar
- Minsky HP (1986 ) Stabilizing an unstable economy. McGraw-Hill, New YorkGoogle Scholar
- Vague R (2019) A brief history of doom. Pennsylvania Press, Oxford, p 240Google Scholar