Financial Crises Since 3500 BCE (CC)

Notes for Economics www.saseassociates.com In this video, we explore the the history of 19th-century thought and apply it to an analysis financial crises from Sumerian times to the present age. The take-away is that these economic booms and busts have continued to occur and reoccur over the millenia. Therefore, to sketch the profound changes of economic cycles we turn to some of the more esoteric economic thought to explore the subject in the context of multi-millenial Cultural and Empire Cycles all the way down to the more conventional Business Cycle. To accomplish this task, we review the economic, social, political, and cultural thoughts of polymaths such as Jeremy Bentham, John Stuart Mill, Johann von Goethe, John Ruskin, Benjamin Diraeli, Rudolf Steiner, and others and incorporate their own words into our in-depth discussion. Through this approach, we demonstrate that in respect to the most recent economic crisis, 1. This time is NOT different, and 2. These cycles of multiple interweaving lengths extend back throughout human history as far as we can measure. WARNING: This is an esoteric approach to the understanding of economic cycles. First, we explore the economic thought and observations of a group of polymaths from the past and present centuries. Then, we apply their ideas to trace the rise and fall of economies at the level of Empire Cycles down to the more mundane but shorter Business Cycle.