Friday, January 23, 2009
Future of Finance in The Economist
The latest issue of The Economist has an excellent 14-page special report on the future of finance. One article in particular is the latest to discuss the reliance on mathematical models and their fallibility. There is also a good piece about financial regulation, a necessary but difficult prospect in free markets. There is also an article whose theme is growing ever more frequent, "Fixing Finance". Nearly everyone agrees that the system, as currently configured, is broken. This article warns that there is a thin line between making this remarkable creation better and suppressing it.
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