Tag Archives: tipping point

Charles P. Kindleberger on Economic Bubbles and US Asset Bubble of the 2000s

Economic historian Charles P. Kindleberger writes in his “Manias, Panics, and Crashes”(C.P.Kindleberger, 1978 edition, page 17): “As firms and households see others making profits from speculative purchases and resales, they tend to follow. When the number of firms and households … Continue reading

Posted in economic theory, Economics | Tagged , , , , , , | Leave a comment

Can We Discern the Naissance of a New Housing Bubble?

In my post  “Asset  Bubble Microeconomics: a Peculiar Demand and Supply Diagram” I’ve argued that in a housing bubble the demand curve is upward sloping, positioning itself below the supply curve at the boom phase and shifting to the position above … Continue reading

Posted in economic theory, Economics | Tagged , , , , , , , , , , , | Leave a comment