Is Economics Ready for a New Model?
Harvard Business Review
DECEMBER 2, 2010
In the sense that financial markets and the economy in general are far more fragile than most mainstream economists contemplated before 2008, there was a bit of unlearning done in the 1990s and early 2000s. The 1987 stock market crash was a scare. The other big idea in the 1988 article was chaos theory.
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