US EditionSpeculative Bubbles in History
Summary by The Economic Historian
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Speculative Bubbles in History
By William Quinn and John TurnerUnknown, 1720ca. Tree caricature from South Sea bubble cards. Public domain, available hereAlthough the “speculative bubble” is one of few financial concepts to regularly show up in popular culture, in academic financial economics it is a remarkably controversial topic. There are unresolved debates surrounding what constitutes a bubble, whether bubbles actually exist, whether central banks should take action in or…
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