Summary of "Zombie Economics" How Dead Ideas Still Walk Among Us by John Quiggin • Economic theories continue to live as “zombie ideas” even after events refute them. • The 2008 “Global Financial Crisis” exposed the fallacy of five hard-to-kill principles that fueled “market liberalism”: • First, beginning in the 1990s, “the Great Moderation” claimed business cycles had stilled. • Second, the “Efficient...
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