How Markets Fail: The Problem of Rational Irrationality
Contributor(s): John Cassidy | What caused the recent global financial crisis? Some analysts blame greed, others stupidity, yet others myopia. The real problem is more fundamental, and it relates to the inner logic of a financially driven economy that generates perverse incentives and rewards damaging behaviour.
...more
View all episodesBy London School of Economics and Political Science
How Markets Fail: The Problem of Rational Irrationality
Contributor(s): John Cassidy | What caused the recent global financial crisis? Some analysts blame greed, others stupidity, yet others myopia. The real problem is more fundamental, and it relates to the inner logic of a financially driven economy that generates perverse incentives and rewards damaging behaviour.
...more
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