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Curated by Project Syndicate

The Forgotten Risk Factor?

2 commentaries

Stocks are booming and interest rates low, while geo-political risks are mounting.  Are today’s markets too blind and indifferent to risk?

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  1. op_galbraith7_claffraGetty Images_USdollareconomy
    Subscriber Exclusive

    Dismal Economics

    James K. Galbraith

    Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.

    reviews four books that shed light on the unjustifiable hegemony of the neoclassical school.
    3

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