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Epilogue

In: Toward a Metatheory of Economic Bubbles: Socio-Political and Cultural Perspectives

Author

Listed:
  • Nikhilesh Dholakia

    (University of Rhode Island)

  • Romeo V. Turcan

    (Aalborg University)

Abstract

At the time of completing this book, a set of big, global bubbles—in residential property prices in the United States and elsewhere, in derivatives based on mortgage lending, in European bank valuations, and more—reached their zeniths and collapsed during the 2007–2009 Great Recession. Just a few years prior, in the early months of 2000, the “dotcom” tech bubble had burst. The hyperinflation and bursting of such bubbles affected not just the rich, not just the pension funds with large pots of investible funds, but millions of common people—especially in the United States and Europe—who found themselves jobless, and often without job prospects, as structural shifts in the economy accompanied the roller-coaster asset values. As this book was going to press in early 2014, however, signs of other bubbles forming were evident.

Suggested Citation

  • Nikhilesh Dholakia & Romeo V. Turcan, 2014. "Epilogue," Palgrave Macmillan Books, in: Toward a Metatheory of Economic Bubbles: Socio-Political and Cultural Perspectives, pages 98-100, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36179-0_9
    DOI: 10.1057/9781137361790_9
    as

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