"Financial Industry Needs an Overhaul!"
Dani Rodrik, Prof. of Political Economy at Harvard | April 21, 2008
The mortgage crisis emphasized that even sophisticated market players were “clueless about new financial instruments that emerged” and general reconditioning that needed to be done. ++ Economists distinguish 3 schools of thought: libertarian, finance enthusiasm, and finance skepticism. ++ For each – better or worse, personal benefits, and individual freedom, are balanced against the risk for society and individuals.
