Iceland’s Economic (In)stability
By Thomas Malcolm University of Wisconsin–Madison Iceland has an incredibly spotty history in regard to its economy. After Iceland’s latest economic crash of 2008, its name actually began to be associated with crisis and economic disaster.1 This notion, however, is more appropriate than one may come to believe from the crash of 2008 alone. For the last century, Iceland has been riddled by a cycle of economic expansion and collapse. However, I believe that despite its history, in today’s world…