Home > Economia e Política no Mundo > A Má Subversão Dos Economistas

A Má Subversão Dos Economistas

15 October, 2010 Leave a comment Go to comments

“Starting in the 1980s, and heavily influenced by laissez-faire economics, the United States began deregulating financial services. Shortly thereafter, America began to experience financial crises for the first time since the Great Depression. The first one arose from the savings-and-loan and junk-bond scandals of the 1980s; then came the dot-com bubble of the late 1990s, the Asian financial crisis; the collapse of Long Term Capital Management, in 1998; Enron; and then the housing bubble, which led to the global financial crisis. Yet through the entire period, the U.S. financial sector grew larger, more powerful, and enormously more profitable. By 2006, financial services accounted for 40 percent of total American corporate profits. In large part, this was because the financial sector was corrupting the political system. But it was also subverting economics”

Charles Ferguson, Larry Summers and the Subversion of Economics

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Clique aqui para ler o excelente e imperdível artigo de Charles Ferguson no The Chronicle.

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