IDEAS home Printed from https://ideas.repec.org/a/bpj/jbwige/v52y2011i1p139-159n7.html
   My bibliography  Save this article

Von der Tulpenkrise zum Finanzmarktkollaps. Das Allgemeine im Besonderen

Author

Listed:
  • Pierenkemper Toni

    (Münster, Deutschland)

Abstract

Contrary to the presumed perfect markets of the Efficient Market Hypothesis, the very concept of which seems logically flawed, numerous economic crises have been observed in the economic development of the last four hundred years. The following paper seeks to shed light on a specific type of crisis - the speculative crisis - and in particular its general pattern, from its starting point as an innovative business idea, to Boom and Crash, to exploring consequences, making use of examples from selected historical crises. This paper also seeks to demonstrate that speculations of this sort were also often associated with long term positive effects on economic growth. A complete prevention of dynamic processes of this sort, therefore, by means of comprehensive regulation, appears not only illusory, but also anti-progressive, although measures to limit the negative effects of crises as far as possible must, of course, be taken.

Suggested Citation

  • Pierenkemper Toni, 2011. "Von der Tulpenkrise zum Finanzmarktkollaps. Das Allgemeine im Besonderen," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 52(1), pages 139-159, May.
    • Handle: RePEc:bpj:jbwige:v:52:y:2011:i:1:p:139-159:n:7
    DOI: 10.1524/jbwg.2011.0007
    as

    Download full text from publisher

    File URL: https://doi.org/10.1524/jbwg.2011.0007
    Download Restriction: no
    File URL: https://libkey.io/10.1524/jbwg.2011.0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wixforth, Harald, 2018. "Bankiers in der Krise: Verletzen sie ihre Regeln und Normen?," IBF Paper Series 04-18, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbwige:v:52:y:2011:i:1:p:139-159:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.