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Despite their common emphasis upon uncertainty as a key economic variable, Frank Knight and John Maynard Keynes viewed … differing views regarding the role of economic theory as applied to the real world. William Greer reveals that the intellectual … atmosphere into which Keynes was born led him to consider individual and collective action positively, enabling policymakers to …
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The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any surge in the stock market would be self-correcting. Recent...
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