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application/pdfRavi Batra. Dharma and Depressions: A Review of "The GreatDepression of 1990". New York: Simon and Schuster. 1987.Professor Ravi Batra's research and reflection have lead himto believe that the world is headed, more or less inexorably, towards amajor depression "of the same, if not greater, severity" than the one ofthe ninteen-thirties. He explains that he has written the book to warnpeople and he provides a set of investment and financial tips, so thatthe reader can avoid personal disaster in the "impending cataclysm".Batra's tone is light, pleasant but totally self-assured; he "ferventlyhopes that his prophecies turn out to be totally wrong" but he does notexpect this outcome. One must accept that the book is a serious effortat scholarship and analysis and that Batra truly believes in hisunderlying model and the forecasts it produces. I stress this becausethere are many passages, even entire sections, in the book which, takenby themselves, might lead one to suspect that the book is a hoax andthat the author is having fun at our expense. But, let us reject thispossibility and attempt to deal seriously with this presumably seriousbook.
Adobe PDF Library 5.0; modified using iTextSharp 4.1.6 by 1T3XTAutumn 1988,Vol. 27, No.3
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