Thursday, November 6, 2008

The Historical Dimension of Crisis

Present crises turn some toward the past, which may offer precedents and perspective.

The current financial crisis has caused many to recall the S&L debacle of the 1980s and the Great Depression that followed the stock market crash in 1929. Others have looked back farther, to 1873-74, 1836, and even the 15th century.

I have a hard time pulling myself away from my personal history with the financial sector:

Speaking of economic history, here is an interesting review of a new book on religion and the rise of free market capitalism in 19th-century America: “Stewards of Capitalism,” available from: