Paul Lachine

反对历史的孩子们

伯克利——

如果你问一个像我这样的现代经济学史学家,为什么当今的世界经济会大倒退,处于金融危机的边缘。我会告诉你这并不奇怪,历史上这一幕也发生过,一般都是经过泡沫,崩盘,危机和衰退这几个过程,回顾历史,1820年代初期的修建运河的泡沫,1825-1826年代Pole, Thornton ampamp; Co公司破产,以及随后英国的第一次工业大衰退。在这以后的1870,1890和2000年,我们都目睹了类似的情况出现。

在某些情况下,价格会脱离价值本身,飞涨到离谱的水平。有时候的原因是金融机构内部缺乏监管,给与员工过高的薪酬,鼓励他们的冒险行为。有时候则是政府的责任。还有一种情况则是经济形势在较长的时间一直都良好,这样,那种不切实际的乐观行为就会弥漫在市场之中。

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/vW0XwSO/zh;
  1. China corruption Isaac Lawrence/Getty Images

    The Next Battle in China’s War on Corruption

    • Chinese President Xi Jinping knows well the threat that corruption poses to the authority of the Communist Party of China and the state it controls. 
    • But moving beyond Xi's anti-corruption purge to build robust and lasting anti-graft institutions will not be easy, owing to enduring opportunities for bureaucratic capture.
  2. Italy unemployed demonstration SalvatoreEsposito/Barcroftimages / Barcroft Media via Getty Images

    Putting Europe’s Long-Term Unemployed Back to Work

    Across the European Union, millions of people who are willing and able to work have been unemployed for a year or longer, at great cost to social cohesion and political stability. If the EU is serious about stopping the rise of populism, it will need to do more to ensure that labor markets are working for everyone.

  3. Latin America market Federico Parra/Getty Images

    A Belt and Road for the Americas?

    In a time of global uncertainty, a vision of “made in the Americas” prosperity provides a unifying agenda for the continent. If implemented, the US could reassert its historical leadership among a group of countries that share its fundamental values, as well as an interest in inclusive economic growth and rising living standards.

  4. Startup office Mladlen Antonov/Getty Images

    How Best to Promote Research and Development

    Clearly, there is something appealing about a start-up-based innovation strategy: it feels democratic, accessible, and so California. But it is definitely not the only way to boost research and development, or even the main way, and it is certainly not the way most major innovations in the US came about during the twentieth century.

  5. Trump Trade speech Bill Pugliano/Getty Images .

    Preparing for the Trump Trade Wars

    In the first 11 months of his presidency, Donald Trump has failed to back up his words – or tweets – with action on a variety of fronts. But the rest of the world's governments, and particularly those in Asia and Europe, would be mistaken to assume that he won't follow through on his promised "America First" trade agenda.