Are free markets the cause of financial instability?
- 1 January 2000
- journal article
- review article
- Published by Taylor & Francis in Critical Review
- Vol. 14 (1) , 57-67
- https://doi.org/10.1080/08913810008443547
Abstract
As the critics of global financial capitalism recognize, there is excessive financial instability in today's international economy. However, this instability is due not to laissez faire, but to its absence. Comparing the current world financial system to a laissez‐faire benchmark highlights the very significant differences between the two.Keywords
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