Zombie Economics: How Dead Ideas Still Walk Among Us

  title={Zombie Economics: How Dead Ideas Still Walk Among Us},
  author={J. Quiggin},
In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but… Expand
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