“Economic Booms” examines the recurring cycles of rapid growth and devastating collapse in the American economy, offering insights into the underlying forces behind these dramatic shifts.
By exploring historical periods like the Roaring Twenties and the dot-com era, the book highlights how technological innovation, government policies, and even global conditions can fuel unprecedented economic expansion.
It also investigates the subsequent financial crises, revealing how missed warning signs and regulatory failures can lead to widespread economic devastation.
This book uniquely emphasizes the behavioral economics that drive boom and bust cycles, explaining how irrational exuberance and herd mentality can destabilize markets.
Structured in three parts, it lays a theoretical foundation, presents in-depth case studies of specific eras, and synthesizes findings to offer policy recommendations.
Readers will gain a deeper understanding of economic concepts and the patterns that shape the U.S. economy, enabling them to make more informed financial decisions and advocate for policies promoting stability.
