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Who was listening before the Financial Crisis of 2008 to Arrow's warnings and the teachings of Coase? Due to transaction costs, incomplete foresight and bounded rationality not all risks that would be desirable to shift can be shifted through the market. Financial firms and other institutions...
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Verfestigung existenzbedrohender, kriegsähnlicher Zustände ausgelöst durch unterschiedliche Vorstellungen kapitalistischer Finanzwirtschaft und durch politische Ohnmacht und Inkompetenz. (Elke Günther)
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