Book Review > Manias, Panics and Crashes
| Author: KINDLEBERGER, Charles | Publisher: | ISBN: |
| Location: | Price: | Reviewed by: Richard FitzHerbert |
Kindleberger's book is the scholarly work of an economist dealing with crises that go beyond stock markets, arguing the case for an international lender of last resort. Recent history shows that, when the distribution system is corrupt, such loans may cause more trouble than the economic collapse they were intended to avoid.