Frey, Bruno S.; Savage, David A.; Torgler, Benno - In: Journal of Economic Perspectives 25 (2011) 1, pp. 209-22
During the night of April 14, 1912, the RMS Titanic collided with an iceberg on her maiden voyage. Two hours and 40 minutes later she sank, resulting in the loss of 1,501 lives—more than two-thirds of her 2,207 passengers and crew. This remains one of the deadliest peacetime maritime disasters...
