Tuesday, April 5, 2011

Do More Complex Financial Systems Create Future Growth??

See link here to today's video that we showed in class. You're welcome Laura...
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3 comments:

  1. RichardApril 6, 2011 at 3:51 AM

    As was brought up in class, and with most other things, if they are used wisely and responsibly, then I suppose they could generate growth. But like I stated in class the more complex something is, the more things there are to go wrong. And since there is little in the way of regulation, it is hard to simply trust that the financial sector would act responsibly, especially given their track record over the last decade or so.

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  2. hannahappsApril 7, 2011 at 7:33 AM

    But do any of us act responsibly if the incentives lead us to do irresponsible things?

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  3. MARKApril 7, 2011 at 9:16 PM

    People respond to incentives.

    http://en.wikipedia.org/wiki/Public_choice_theory

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