Free exchange | Deflation in the euro zone
The euro zone needs a history lesson
By Kevin O'Rourke | University of Oxford
Rounding off the contributions to our round-table discussion of the risk of deflation in Europe is Kevin O'Rourke, professor of economic history at Oxford University.
More from Free exchange
Religious competition was to blame for Europe’s witch hunts
Many children are still persecuted as alleged witches in Africa for similar reasons
Has BRICS lived up to expectations?
The bloc of big emerging economies is surprisingly good at keeping its promises
How to interpret a market plunge
Whether a sudden sharp decline in asset prices amounts to a meaningless blip or something more depends on mass psychology