the dot-com peak 20 years ago. In both instances, a very broad subset of stocks became so highly valued that speculation …

conceptual backdrop. In responding to his critics after the publication of his General Theory Keynes famously talked about …, neither asset price speculation nor shifting financial sentiment over the business cycle received in his work the kind of … Theory sprach Keynes bekanntlich von unerwarteten, gewaltigen Veränderungen bei der konventionellen Vermögensbewertung, wenn …