The century began with a severe global slowdown in the world’s largest economies of the United States, the European Union and Japan. We are just 21 years into the 21st century and there have already been three major economic crises, each one worse than the one before. Despain praises the book as a well-written, entertaining and accessible read that is particularly impressive in providing a predicative analytical framework for theorists, policymakers and investors.īoom and Bust: A Global History of Financial Bubbles. Turner take readers on a 300-year tour through the history of the world’s most significant financial bubbles, aiming to improve understanding of why bubbles happen, their destructive and sometimes beneficial consequences and potential policy measures to help prevent bubbles.
In Boom and Bust: A Global History of Financial Bubbles, William Quinn and John D.
