Sign of Yen painted on cracked floor.

1985-1990: Japan’s Bubble Economy

May 24, 2022

The Japanese bubble was an asset bubble. It refers to the swift rise in Japanese asset prices in 1985 and then the rapid collapse of those prices in 1990. […]

An image of the map of China with its flag on top. It is placed on yuan, the currency of japan

The Socialist Market Economy of China

December 28, 2021

Under Zhu Rongji, China embraced new regulations, giving enterprises more autonomy in making managerial decisions. It adopted the label of a ‘market’ economy, changing the perception that markets equal capitalism. […]

Image of medieval gold coins and an old medieval pouch on a table.
European History

The Great Mortality and the New Economy

September 8, 2021

After the plague, everyone who survived was pretty much better off than they had been before. A new pattern emerged in the economy that unsettled a few individuals. […]

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