A Failure of Capitalism

Posner, R. A. (2009). A Failure of Capitalism: The Crisis of '08 and the Descent into Depression. Harvard University Press.

Type

Book

Intellectual base

Review or monograph

Year

2009

Link

https://openlibrary.org/works/OL1924287Wmatched

Cited from

sociology_anthropology

Cited by

1 citation across 1 artifact.

Primes

• Institutional Lag
  • Recognizing this trade-off prevents naive solutions (making institutions perfectly responsive to every change) and instead focuses attention on predictive redesign—which institutions should be adaptive, which should be stable, and what triggering mechanisms should initiate catch-up, a design problem Posner (2009) traces through the long regulatory failures preceding the 2008 financial crisis.

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