[Financial panics are 'one thing'. What Gregory Bateson called epistemological panic is another.]
<http://www.nytimes.com/2013/04/24/business/solutions-remain-elusive-after-financial-crisis.html> What good does the modern financial system do, for the rest of us? What determines financial fluctuations and shocks? How do they affect the broader economy? What can governments do to make them less disruptive? Economists have few answers. “We don’t have a clue of what financial stability actually means,” Mr. Blanchard confessed. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
