Black Swan: Economic Crises, Volume II
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Black Swan: Economic Crises, Volume II

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This book continues the discussion from Volume I on economic, fiscal, and financial crises in world history that have had a great impact on the entire world and the fiscal measures taken by governments to combat each crisis. Such events are often described as black swans, a concept introduced by Economist and Risk Analyst Nassim Nicholas Taleb in the book Fooled By Randomness in 2001, in reference to events that were thought to be impossible but had a huge impact when they did happen.The beginning of this book notes that crises are catastrophic periods when the consequences of economic mistake...