a: economic history ~
b: pendulum
What:
"It was at this time that Dondon and many others absorbed ideas like rational expectations and efficient markets, which became en vogue.
But economic history is like a pendulum.
By the late 1990s, in the aftermath of a series of crises, the ideology of the free market -- as expressed in the so-called Washington Consensus -- faltered and retreated."
Useful?
Writer: Not Stated
LCC:
Where:
Date: Jan 12 2019 3:02 PM
# 12038 Critique Analogy