The Great Depression of 1990
Simon & Schuster edition | |
| Author | Ravi Batra |
|---|---|
| Original title | Regular Cycles of Money, Inflation, Regulation and Depressions |
| Language | English |
| Subject | Economic history and future evolution |
| Published | January 1985 Venus Books May 1988 Simon & Schuster |
| Publication place | United States |
| Media type | Print (Hardback) |
| ISBN | 0-440-20168-3 (2nd Ed.) |
| LC Class | HC106.8 .B39 1985 |
| Followed by | Surviving the Great Depression of 1990 |
The Great Depression of 1990 is a book by Ravi Batra in the field of economic history and future evolution, originally published in 1985. The book's original title was Regular Cycles of Money, Inflation, Regulation and Depressions. MIT Economics Professor Lester Thurow wrote a favorable introduction for the book with its original title. Retitled, the book entered the New York Times Best Seller list in early 1987 and reached #1 later that year. The book and its sequel, Surviving the Great Depression of 1990, made Batra "one of the best selling economists of all time."
The book was frequently criticized by economists after it became a best-seller, as it focused on a darker side of capitalistic development, notably Batra's main claim that excessive inequality in capitalist societies can lead to financial crises and economic depressions. Importantly, the prediction in the title did not materialize.