Economics Matters with Laurence Kotlikoff cover image

Economic Snapshots Of History Through Icons With Laurence Leamer

Economics Matters with Laurence Kotlikoff

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Manufacturing Decline and Economic Fragility

The chapter delves into the historical evolution of job losses in the manufacturing sector during recessions, emphasizing a shift from short-term recoveries to long-term declines. It explores the diminishing role of manufacturing in driving economic downturns and discusses the fragility of the banking system, highlighting risks of potential financial crises.

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