The October 1987 Crash: A Worldwide Phenomenon

Lester Thurow

Chapter 11 in Economic Decision-Making in a Changing World, 1993, pp 124-128 from Palgrave Macmillan

Abstract: Abstract Economists understand financial crashes in the same sense as geologists understand earthquakes. They know the underlying processes (the plate tectonics of economics), but if you ask about the exact timing and magnitude of the next economic earthquake an unanswerable question is being posed.

Date: 1993
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DOI: 10.1007/978-1-349-11144-2_11

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