3 One recent study of the available data for gross domestic product and consumption since
Citations (1)
- The Ascent of Money whole source · open book
3 One recent study of the available data for gross domestic product and consumption since 1870 has identified 148 crises in which a country experienced a cumulative decline in GDP of at least 10 per cent and eighty-seven crises in which consumption suffered a fall of comparable magnitude, implying a probability of financial disaster of around 3.
chapter: 7: The Descent of Money