The Age of Diminished Expectations

The Age of Diminished Expectations

U.S. Economic Policy in the 1990s

by Paul R. Krugman

232 pages· 1997· ISBN 9780262611343
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This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd's of London and Sumitomo Metals. Krugman also considers the collapse of the Mexican peso, and the burst of Japan's 'bubble' economy.

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