As economic historian J.K. Galbraith wrote about the advance leading up to the 1929 crash, the market's gains «had an aspect of great reliability... Indeed the temporary breaks in the market which preceded the crash were a serious trial for those who had declined fantasy.
Not exact matches
«Lower oil prices have not proven to be
as stimulative
as economic theory once had it,» said Daniel Yergin, the energy
historian and vice chairman of the IHS consultancy.
«Furthermore, in the main,
historians educated
as Keynesians and monetarists do not understand the
economic history of money, let alone the difference between a gold standard and a gold - exchange standard.
In summary, a 23 - year period in which the US economy achieved the strongest real growth in its history is strangely characterised in some quarters
as a «great depression», quite likely because so many economists and
historians do not understand that real
economic progress puts DOWNWARD pressure on prices.
From time to time thinkers and pastors, identified at the time by authority
as «heretics», seen by others
as prophets, and by some
historians now
as social revolutionaries, reached the conclusion that the Christian Gospel spoke of a body of Christians, of an incipient «Church», of a kind far removed from the type of political and
economic structure maintained by Roman Canon Law.
He is a bit of a strange creature in modern economics:
as much an
economic historian and archeologist
as a number - crunching theorist.
As a
historian I am only too aware that during times of
economic crisis people, scared about their precarious situation, are happy to be given a scapegoat for their predicament.
A view that many
historians would challenge
as being either simplistic or failing to take into account domestic political and
economic factors.
In retrospect
historians may look at the period before the
economic crisis hit
as one of consensus politics: where the Conservative opposition stuck to Labour's public spending plans.
Overall health,
as shown by seven indicators in teeth and bones, plummeted to an all - time low in the 14th century, according to a study of 17,250 individuals from 100 locations in Europe by Ohio State
economic historian Richard Steckel, Larsen, and their colleagues in the Global History of Health Project (Science, 1 May 2009, p. 588).
She holds a MA degree in
economic and social history from the University of Amsterdam and worked
as historian at the International Institute for Social History, during which she published her book on plantations in the Dutch East Indies.
When
economic historians begin their postmortems on the housing bubble, they'll zero in on nuggets such
as: