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out most of the economic theory that explains this natural tendency for markets to propagate financial fragility: Joseph … mounting moral hazard. The emergence of a behavioral finance literature has provided empirical support to the theory of …
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the dot-com peak 20 years ago. In both instances, a very broad subset of stocks became so highly valued that speculation …
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or fundamentalist Keynesianism’ which elaborated Keynes’s monetary theory of production into an alternative economic …
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