Five Questions for Economic Policy after 2008

A pervasive belief in market efficiency, especially in self-correcting financial markets, was damaged by the 2007–8 financial crisis. A vision of functional, not dysfunctional, markets nonetheless remains at the heart of the economics profession. The result is a degree of unclarity.

 

 

 

Image Credit: Kevin Dooley via Flickr (CC BY 2.0)