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The Economic Bubble and Its Measurement

Wednesday, September 21, 2016 0:06
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(Before It's News)

Written by Carmine Gorga, The Somist Institute

The extant economics literature talks of many bubbles, such as the Dutch tulip bubble of 1637, the housing market bubble, the stock market bubble (various years). Common sense suggests to classify these as partial or “commodities” bubbles. As previously seen, in Concordian economics one is concerned with the economic bubble, namely the general bubble that permeates the economic system as a whole.



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