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Crisis of Faith in the Financial System

Harvard Business Review

The Ming note is printed with the statement that it is "To Circulate for Ever" — quite a vote of confidence from the treasury, and presumably one necessary for such an innovative approach to payment and livelihood. As the Ming dynasty shows us, a properly operating financial system is both symbolic and symbiotic.

System 13
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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. For an example, reconsider the financial crisis. Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis. banking assets and as such are “too big to fail”).

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. For an example, reconsider the financial crisis. Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis. banking assets and as such are “too big to fail”).