The Long Economic Crisis of the Third Century

Jon-Arild Johannessen
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Jon-Arild Johannessen: Kristiania University College and Nord University

Chapter 2 in Innovations Lead to Economic Crises, 2017, pp 9-34 from Springer

Abstract: Abstract This chapter examines the assumption that there is a relationship between innovations and economic crises economic crises , with a particular focus on the economic crisiseconomic crisis of the third century. The following question is examined: Is there a relationship between innovations and the economic crises of the third century the third century ? The purpose of the chapter is to find out which innovations triggered the social mechanismssocial mechanisms that led to the economic crisiscrisis of the third century. The findings that emerge are that the following innovations fed through social mechanisms led to the crisis: New monetary policy (economic-financial innovationinnovation ) and new leaders, institutions and power constellations occupy old positions (institutional and political innovationspolitical innovations ).

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-41793-6_2

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DOI: 10.1007/978-3-319-41793-6_2

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