Entrepreneurial failure and economic crisis:\ud an historical perspective

Part of book or chapter of book English OPEN
Casson, Mark (2015)
  • Publisher: Edward Elgar

This chapter analyses the major UK economic crises that have occurred since the speculative bubbles of the seventeenth century. It integrates insights from economic history and business history to analyse both the general economic conditions and the specific business and financial practices that led to these crises. The analysis suggests a significant reinterpretation of the evidence – one that questions economists’ conventional views.
  • References (4)

    Allen, Franklin and Douglas Gale (2000) Bubbles and Crises, Economic Journal, 110 (460) 236-255

    Bernanke, Ben and Harold James (1991) The Gold Standard, deflation and financial crises in the Great Depression: An international comparison, in R. Glenn Hubbard (ed.), Financial Markets and Financial Crises, Chicago: University of Chicago Press for the National Bureau of Economic Research, 33-68

    Bikhchandi, Sushil, David Hirschleifer and Ivo Welch (1992) A theory of fads, fashion, custom and cultural change as information cascades, Journal of Political Economy, 100 (5), 992-1026

    Calomiris, Charles W. and Gary Gorton (1991) The origin of banking panics: Models, Facts and Bank Regulation, in R. Glenn Hubbard (ed.), Financial Markets and Financial Crises, Chicago: University of Chicago Press for the National Bureau of Economic Research, 109-174

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