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After Schumpeter wrote, most recessions were caused by bursting asset price bubbles, monetary policy mistakes, or sharp oil price increases.
Drawn from what Tyler Cowen said
CitesJoseph Schumpeter
What Tyler Cowen actually said
- Tyler Cowen Economist at George Mason University
As it turns out, after Schumpeter wrote most recessions were caused by either the bursting of asset price bubbles, monetary policy mistakes (unnecessary deflations), or sharp increases in the price of oil.
Where this was said
↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com
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