Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.

The worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are

An editor of The Atlantic best known for his 2010 cover story, "How a New Jobless Era Will Transform America," presents cautionary predictions about American li

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i

Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorto