Economics @ ITT

Markets Are Not Stable, Efficient, or Self-Correcting

Posted in economics, macroeconomics, Policy Issues by ittecon on May 3, 2013

“In analyzing the most recent financial crisis, we can benefit somewhat from the misfortune of recent decades. The approximately 100 crises that have occurred during the last 30 years—as liberalization policies became  dominant—have given us a wealth of experience and mountains of data.  If we look over a 150 year period, we have an even richer data set.”

via The Lessons of the North Atlantic Crisis for Economic Theory and Policy | iMFdirect – The IMF Blog.

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