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“Economists are taught that the economy is intrinsically stable – price changes are small and random, so perturbations are rapidly damped out by the ‘invisible hand’ of market forces.
Tags » Minsky
The response to climate change is one of the most pressing policy issues of our time. Carbon trading assets are currently worth more than $100 billion. 1,793 more words
[#120.2] Avi Baranes on financialization, mergers, and innovation from an (old) institutional economics perspective
Part 2 of our conversation with Avi. We definitely need him back ASAP for more!
Special guest: Avi Baranes on financialization in general, and the pharmaceutical industry in particular…46 more words
One of the most commonly cited reasons for studying history is to learn the mistakes of the past so we might avoid repeating them. Yet when we look over modern history there are repeated patterns of behaviour, countries fight wars with similar enemies over the same resources, politically we see issues – such as the balance between security and freedom – rise then fall then rise again in public discourse, and in economics there is the relentless cycle of booms and busts. 724 more words