Innovations Lead to Economic Crises

Explaining the Bubble Economy

  • Jon-Arild Johannessen

Table of contents

  1. Front Matter
    Pages i-xi
  2. Jon-Arild Johannessen
    Pages 1-8
  3. Jon-Arild Johannessen
    Pages 9-34
  4. Jon-Arild Johannessen
    Pages 35-58
  5. Jon-Arild Johannessen
    Pages 59-87
  6. Jon-Arild Johannessen
    Pages 89-109
  7. Jon-Arild Johannessen
    Pages 111-124
  8. Jon-Arild Johannessen
    Pages 125-153
  9. Jon-Arild Johannessen
    Pages 155-162
  10. Back Matter
    Pages 163-181

About this book


This book examines the link between innovation and economic crises through a systemic philosophy of economic history. Taking the end of the Roman Empire as its starting point, the author guides readers through six economic crises that have occurred up to the present day and uncovers how these may have been triggered by a number of political, economic and technological innovations. The author presents analyses on the Dutch tulip bubble of 1637, the Mississippi bubble in eighteenth-century France, the development of the first limited liability company and the world’s first stock exchange before going on to discuss the latest economic crisis and its links with globalisation and social connectivity following the technological advancement of the internet. The author concludes by explaining how we can use knowledge of the links between innovation and crises to frame a vital new model for policy makers and political leaders. The result is a fascinating insight into the cause of economic crises which will be of particular interest to students and researchers of economic history, financial crises, innovation and political science.


Recession Economic bubbles Financial crises Trade and markets Institutional innovations Tulip Crisis The South Sea and Mississippi Bubbles The Long Recession Credit driven economy

Authors and affiliations

  • Jon-Arild Johannessen
    • 1
  1. 1.Kristiania University College and Nord UniversityOslo/BodøNorway

Bibliographic information