http://archive2.mrc.org/taxonomy/term/18278/all en http://archive2.mrc.org/commentary/econ-101-do-we-need-new-theory-market-stability <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/gary-wolfram-phd-0">Gary Wolfram, Ph.D.</a> </div> </div> </div> <p >In a recent <u><a href="http://www.newsweek.com/id/219720" />Newsweek</a></u> article, senior editor Michael Hirsh quoted Larry Summers who said: “Large swaths of economics are going to have to be rethought on the basis of what's happened.” Summers is correct that the recent credit crisis and recession has generated books and papers galore in attempt to provide an explanation for the crisis and suggest remedies.</p><p><a href="http://archive2.mrc.org/commentary/econ-101-do-we-need-new-theory-market-stability" target="_blank">read more</a></p> Commentary MRC Business creditcrisis deregulation FederalReserve FreeMarket GaryWolfram GeorgeSoros HousingBubble LarrySummers LudwigvonMises macroeconomics mark-to-market marketstability MichaelHirsh Newsweek Wed, 11 Nov 2009 18:51:47 +0000 admin 29755 at http://archive2.mrc.org