What happened in the 1990s?
The 1990s were remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, economic boom, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy .
What is the legacy of the 1990s?
Legacy. According to the National Bureau of Economic Research, the 1990s was the longest economic expansion in the history of the United States, lasting exactly ten years from March 1991 to March 2001. It was the best performance on all accounts since the 1961-1969 period. The importance and influence of the financial sector only grew,…
What happened to the economy in the mid to late 1990s?
The mid to late 1990s was characterized by significantly low oil prices (the lowest prices since the Post World War 2 Economic Boom), which would have reduced transportation and manufacturing costs, leading to increases in economic growth. The lowest price for oil during this entire period occurred in 1998.
What is the history of economic thought?
So often we tell the history of economic thought as the history of theory and policy. But here, Galbács tells us that the most important part of that history may well lie in the history of methodology and the philosophical shifts behind that.