In this magisterial account of the Great Depression, MIT economist
Charles Kindleberger emphasizes three factors that continue to
shape global financial markets: panic, the power of contagion, and
importance of hegemony. Reissued on its fortieth anniversary with a
new foreword by Barry J. Eichengreen and J. Bradford DeLong, this
masterpiece of economic history shows why U.S. Treasury Secretary
Lawrence Summers, during the darkest hours of the 2008 global
financial crisis, turned to Kindleberger and his peers for
guidance.
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