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Strategies & Market Trends : Asia Forum
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To: Ramsey Su who wrote (5551)8/14/1998 2:47:00 PM
From: Robert Douglas  Read Replies (1) of 9980
 
Thread. Re: An historical perspective.

A lot of criticism of Asia has past over this thread during the last few months. Certainly much of it is warranted. What I am wondering is if we are being conveniently forgetful of the economic histories of what we today call the "developed" countries? I have a fairly good economic background but I confess to knowing few details of the United States or other capitalistic countries during their "teen-age" years. What I mean by this is those rapidly growing, reckless periods with booms followed by busts and depressions. It seems to me that they were called panics in those days.

I would be interested to know of any books that thread participants recommend that cover this topic. I have already ordered a copy of "The Robber Barons", which I read in school but have mostly forgotten. Perhaps we forget too easily that many of our great capitalists were in bed with the government too. Sound familiar?

I look forward to your responses.

-Robert
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