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POP: why bubbles are great for the economy

By: Gross, Daniel.
Publisher: New York Collins 2007Description: 232 p.ISBN: 9780061151545.Subject(s): Investments | Stocks | Bull markets | Bear markets | Speculation | Business cyclesDDC classification: 332.6 Summary: In this lively romp, Gross makes a counter-intuitive argument. America in the first decade of the new century is not thriving despite the folly of the Y2K bubble - nor has it made a surprisingly quick recovery from the devastation of the crash in 2001 and 2002. Our current economic growth - and, indeed, the globalization that is a part of that growth-is a product of that wasteful bubble. POP! will take readers on a fast-paced tour of economic history where the reckless expansion of previous eras in railroads and automobiles, telegraphs and land, streetcars and stocks all led to unsustainable booms, collapses and, then, surprising blossoms of prosperity. Gross is gifted writer with a deep well of historical knowledge and easy grasp of economic conflicts. His book will re-orient our view of recent economic history and re-color our understanding of American growth throughout the national experience. (Source: www.alibris.com)
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Books Vikram Sarabhai Library
Slot 670 (0 Floor, West Wing) 332.6 G7P6 (Browse shelf) Available 168374

Includes bibliographical references

In this lively romp, Gross makes a counter-intuitive argument. America in the first decade of the new century is not thriving despite the folly of the Y2K bubble - nor has it made a surprisingly quick recovery from the devastation of the crash in 2001 and 2002. Our current economic growth - and, indeed, the globalization that is a part of that growth-is a product of that wasteful bubble. POP! will take readers on a fast-paced tour of economic history where the reckless expansion of previous eras in railroads and automobiles, telegraphs and land, streetcars and stocks all led to unsustainable booms, collapses and, then, surprising blossoms of prosperity. Gross is gifted writer with a deep well of historical knowledge and easy grasp of economic conflicts. His book will re-orient our view of recent economic history and re-color our understanding of American growth throughout the national experience. (Source: www.alibris.com)

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