
Did Capitalism Fail?
Sep 13, 2013 & argue that 2008's near-meltdown was a failure of contemporary economic models' understanding of the role of financial markets in capitalist economies.
Michael D. Goldberg is Professor of Economics at the University of New Hampshire. He is the co-author of Imperfect Knowledge Economics and Beyond Mechanical Markets.
Sep 13, 2013 & argue that 2008's near-meltdown was a failure of contemporary economic models' understanding of the role of financial markets in capitalist economies.
Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. But as US President Joe Biden’s proposed $1.9 trillion economic rescue plan works its way through Congress, it is not only Republicans who are asking whether providing too much fiscal stimulus could be just as risky as delivering too little.