Recession Regression

Before the collapse of Lehman Brothers, economic theory trumped economic history; no longer. But what does that history tell us?

Appeared in: Volume 05, Number 2 | Published on: November 1, 2009
Harold James is professor of history and international affairs at Princeton University, Marie Curie Professor of History at the European University Institute, and author of The Creation and Destruction of Value: The Globalization Cycle (Harvard University Press, 2009).
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