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Financial crises — no big deal Many say or think that there were problems in the financial system that gave rise to the Great Depression. We’ve looked at that in a systematic way using modern theory. And we found that businesses had all kinds of money to invest, and they didn’t. They increased distributions to owners. Why? The answer is that businesses did not perceive they had profitable investment opportunities. I don’t think financial crises are a big deal. Edward Prescott And this blah blah blah guy got a “Nobel prize” … div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements
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Lars Pålsson Syll considers the following as important: Economics
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Financial crises — no big deal Many say or think that there were problems in the financial system that gave rise to the Great Depression. We’ve looked at that in a systematic way using modern theory. And we found that businesses had all kinds of money to invest, and they didn’t. They increased distributions to owners. Why? The answer is that businesses did not perceive they had profitable investment opportunities. I don’t think financial crises are a big deal. Edward Prescott And this blah blah blah guy got a “Nobel prize” … div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements
Topics:
Lars Pålsson Syll considers the following as important: Economics
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Financial crises — no big deal
Many say or think that there were problems in the financial system that gave rise to the Great Depression. We’ve looked at that in a systematic way using modern theory. And we found that businesses had all kinds of money to invest, and they didn’t. They increased distributions to owners. Why? The answer is that businesses did not perceive they had profitable investment opportunities.
I don’t think financial crises are a big deal.
And this blah blah blah guy got a “Nobel prize” …
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