avatar
How does an economic crisis actually work?


This is a very naive thing to say, but I’m not sure exactly how an economic crisis works. I mean, if things were working OK beforehand, why do they stop working? People are in principle capable of doing the same work as before, etc. So what changes? Is there anything real behind it or is it entirely an artifact of the way money, capital, etc. work? Is this explained anywhere?

Leave a comment