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The banking crisis - were markets working?

Minford, Anthony Patrick Leslie 2010. The banking crisis - were markets working? Irish Studies in International Affairs 21 (1) , pp. 29-41. 10.3318/ISIA.2010.21.29

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Crises can be triggered by the inherent uncertainty of the capitalist system. We cannot pretend we can ever know the future, which is mired in Knightian uncertainty ('unknown unknowns'). Hence, in designing new regulative systems we need to avoid throwing the capitalist baby out with the risky bathwater.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: D History General and Old World > D History (General) > D839 Post-war History, 1945 on
H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Publisher: Royal Irish Academy
ISSN: 0332-1460
Last Modified: 04 Jun 2017 03:22

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