An in-depth look at how to account for the human complexities at the heart of today's financial system
Our economy may have recovered from the Great Recession--but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behind it--useless for dealing with financial crises. What model should replace it? None. At least not any version we've been using for the past two hundred years. Instead, Bookstaber argues for a new approach called...
An in-depth look at how to account for the human complexities at the heart of today's financial system