In Masters of Nothing, two noted political economists—using a model of a better understanding of human behavior—lay down a blueprint for the solution to the status quo of financial boom and bust.
The behavior of those who rode the boom and switched at the tipping point to ride the bust, or the behavior of those who held on to their principles as the system collapsed around them—it's all important. It was human behavior after all that led us to construct a bubble nobody suspected was dangerous, yet nonetheless would burst with disastrous consequences.
The behavior of those who rode the boom and switched at the tipping point to ride the bust, or the behavior of those who held on to their principles as the system collapsed around them—it's all important. It was human behavior after all that led us to construct a bubble nobody suspected was dangerous, yet nonetheless would burst with disastrous consequences.
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