ASIN: B005OK4XJ0
Publisher: Amazon Digital Services LLC
Pages: 211
Economic RealitySince the inception of the industrial revolution, the dazzling complexity of economic phenomena have been fascinating and puzzling many people for years. Markets rise and fall. Fantastic economic growth is often followed by a devastating recession. Oddly enough, order leads to chaos. The market economy seems to have its own rhythm. It is the rhythm of prosperity. It is the rhythm of chaos. The 17th century speculative frenzy in tulip bulbs propelled the spectacular economic growth. When the tulip bubble burst, so many dreams were destroyed. After nearly a decade of prosperity, the Great Depression struck, causing immense economic destruction. In the mid-1980s, real estate and stock prices in Japan skyrocketed. Then the market crashed, throwing the economy into a decade-long stagnation, known as the Lost Decades.Not long ago, the Financial Crisis 2008 shocked the world. ...
