Zombie Ideas
The casualties of the financial crisis aren’t just institutions, homeowners, and the newly unemployed: some ideas have taken a beating as well. John Quiggin (Queensland) collects some of his work on refuted economic doctrines, and they’re really well executed (both the articles and the ideas, if you’ll pardon the pun): #1 The efficient markets hypothesis #2 The case for privatisation #3 The Great Moderation #4 Individual retirement accounts #5 Trickle down For those with ears to hear and eyes to see, some of those ideas have…
Thursday, February 5, 2009
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