× Sell your old school/college notes here at www.studyalways.com and make money for free
'The Great Depression of 1990' is a book by Ravi Batra in the field of economic history and future evolution, originally published in 1985. Raveendra Nath "Ravi" Batra (born June 27, 1943) is an Indian-American economist, author, and professor at Southern Methodist University. Batra is the author of six international bestsellers, two of which appeared on The New York Times Best Seller list. One of them was 'The Great Depression of 1990', which reached #1 in late 1987. The book was frequently criticized by economists after it became a best-seller, as it focused on a darker side of capitalistic development, notably Batra's main claim that excessive inequality in capitalist societies can lead to financial crises and economic depressions. Importantly, the prediction in the title did not materialize. This fact has tended to obscure the innovations in the book.