F205 Summer 2020 Crashes and Crises: Lessons from a History of Financial Disasters
Thursdays, 9:40–11:05, June 25–July 30
Instructor: Jim Cantwell
Class limit: 90
This course consists of 12 half-hour video presentations from The Great Courses, two each session. These will be supplemented with short readings from Manias, Panics and Crashes: A History of Financial Crises by Robert Aliber and Charles Kindleberger. It will look at the future of disasters, the con man Charles Ponzi, the 1636 tulip bubble, mining stock frauds, the panic of 1907, hyperinflation in Germany, the crash of 1929, the Great Depression, the savings and loan crisis, the crash of 1987, the dotcom bubble, and subprime debt and the run on Wall Street. By looking at mistakes made in risk-taking throughout history, the course can provide insights into volatile markets today and tomorrow. Professor Connel Fullenkamp of Duke University is the teacher in the Great Courses videos. He explains basic economic concepts and hopes to inoculate students against making the mistakes that have lured many to financial ruin.
Jim Cantwell, an OLLI member, retired from the staff of the US Senate Joint Economic Committee. He worked as a health economist/budget analyst at the US House of Representatives and at the Government Accountability Office. He was an assistant professor at Texas A&M University.