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Back of the Envelope

Observations on the theory and empirics of macro and asset pricing

Wednesday, November 5, 2008

Being Realistic - I


In Defense of Greenspan - The Behavioural Explanation

Disagreement among people all of who want 'to belong' is uncommon - which may be one of the reasons why warnings were ignored. Robert Shller reminds.

HT: Greg Mankiw's blog

Posted by Vineet at 1:47 AM

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