7/20/2009

The financial crisis has exposed many of the glaring flaws in our understanding of economic theory, but the reaction to those failures may create an even more flawed understanding of how markets work, according to The Economist. As social scientists examine what went wrong and look for ways to reform the discipline, it's worth considering that the world is a very different place now and the ideas that would have stopped the last crash may not be able to catch the next one.

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