Saturday, January 3, 2009

John Quiggin's Series on Refuted Economic Doctrines

Ryan Lanham shared a link regarding John Quiggin's series on refuted theories of modern economics and finance. I am sharing this link not to support one doctrine over another, but simply to add the information to my on-going collection about economy and finance.

I know that many people are hoping that if they just cross their fingers and hold their breath, the economy as we previously understood it during the best years of the first decade of this century will return. Things simply will not work the same way as before, in my opinion, partly because of the pervasiveness of this many-layered phenomenon.

It is important for everyone to look at the various plates of economic theory spinning around!

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