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Societies for the History of Economics <[log in to unmask]>
Subject:
Re: SHOE: QUERY--Relationship between financial bubbles and economic collapses
From:
Tony Brewer <[log in to unmask]>
Date:
Thu, 19 Feb 2009 10:47:36 -0500
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Societies for the History of Economics <[log in to unmask]>
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Cantillon was undoutedly influenced by Law's system (Mississippi 
Co)and its collapse. See e.g. Antoin Murphy's biography.

In Keynes' case, however, remember that the British economy was in 
poor shape in the 1920s (return to gold, etc.) so I think Keynes was 
more interested in prolonged depression than in bubble collapses.

Tony Brewer

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