He talked about “the revolution in finance as it was realized that asset prices show large volatility that does not reflect anything about fundamentals,” but added that “macroeconomics [did not] keep up with [this] revolution.” As a result, “to the great detriment of contemporary macroeconomics,” his fellow economists did not understand asset prices, manias, panics, and liquidity.
(Est-il possible que cela recommence ?), mais plutôt par l’utilisation de ce que Kindleberger (1910-2003) a fait de son travail dans son ouvrage de 1978, Manias, Panics, and Crashes: A History of Financial Crises (Manies, paniques et krachs : une histoire des crises financières).