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The October 1987 Crash: A Worldwide Phenomenon

In: Economic Decision-Making in a Changing World

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  • L. C. Thurow

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.

Suggested Citation

  • L. C. Thurow, 1993. "The October 1987 Crash: A Worldwide Phenomenon," Palgrave Macmillan Books, in: G. A. Collenteur & C. J. Jepma (ed.), Economic Decision-Making in a Changing World, chapter 11, pages 124-128, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11144-2_11
    DOI: 10.1007/978-1-349-11144-2_11
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