Anatomy of a Typical Crisis

  • Charles P. Kindleberger
  • Robert Z. Aliber

Abstract

For historians each event is unique. In contrast economists maintain that there are patterns in the data and particular events are likely to induce similar responses. History is particular; economics is general. The business cycle is a standard feature of market economies; increases in investment in plant and equipment lead to increases in household income and the rate of growth of national income. Macroeconomics focuses on the explanations for the cyclical variations in the rate of growth of national income relative to its long-run trend rate of growth.

Keywords

Income Argentina Indonesia Stampede 

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Anatomy of a Typical Crisis

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

Authors and Affiliations

  • Charles P. Kindleberger
  • Robert Z. Aliber

There are no affiliations available

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