Saturday, October 18, 2008

Like many other economists, Greenspan misunderstood humans

"It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair

Financial Boom, Financial Bust: What Happened? - LA Times

LATE ADDITIONS:
Taking Hard New Look at a Greenspan Legacy - The New York Times

What Went Wrong - Washington Post

See? It's the psychology, stupid: We Forgot Everything Keynes Taught Us - Washington Post

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