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The inflation of the 1970s represented the greatest peacetime disruption of the Western economies since the Depression. Even as inflation receded, the recession
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In this conference volume, which focuses on aspects of the crisis that economists often presuppose to be beyond control, the authors analyze the political and s
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This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd's of London and Sumitomo Metals. Krugman a
