Moreover, it is now doubtful whether the efficient market hypothesis makes any kind of sense. Indeed, a great many economists and bankers have
discovered Minskyâ $ ™ s views on financial fragility and his financial instability hypothesis, according to which banks and financial markets can not be left to themselves: we need regulations even though regulating markets may not succeed in avoiding another crisis once the memory of the current crisis has faded away.As told to me by a law
student recently hired by Blackrock, the largest
asset manager in the world, with
assets totalling more than 3,500 billion dollars â $ «thatâ $ ™ s one and a half times larger than UBS and twice as large as PIMCO â $ «many
asset managers are now turning away from hiring neoclassical economists and actually prefer hiring engineers, sociologists and even philosophers.
School needs to be a place where
students discover their identities, and where each
student feels that a unique identity is an
asset to him or her — and to the world.