Arbeitspapier
Behind the 2008 Capital Market Collapse
Greed and the unethical behavior of financial institutions obviously played a part in the collapse of the world capital market in 2008. But, this paper argues that the main culprits are the neo-liberal ideology (requiring ever smaller gov-ernments and privatization) and the flawed theories of risk assessment. It also finds that given the fact that market economies are fractal structures, the objective assessment and / or the quantification of risks is not even possible. It concludes with some recommendations as to how to avoid future collapses.
- Sprache
-
Englisch
- Erschienen in
-
Series: EERI Research Paper Series ; No. 17/2008
- Klassifikation
-
Wirtschaft
Investment; Capital; Intangible Capital; Capacity
- Thema
-
Efficiency and self-correction in market economies
Linear-positive and non-linear modelings
creative destruction of coefficients
determinism and randomness
and risk assessment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dominique, C-René
- Ereignis
-
Veröffentlichung
- (wer)
-
Economics and Econometrics Research Institute (EERI)
- (wo)
-
Brussels
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dominique, C-René
- Economics and Econometrics Research Institute (EERI)
Entstanden
- 2008
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