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 "Maybe that will give us another 30 years or 5 before it goes bankrupt in its turn, and then what?"

  either "more of the same-old same old" or something that consists of genuine reform taking account of hard-"learned" (?)-lessons.

   For further reading,

  Nicolas Bouleau:

  Mathématiques et risques financiers

  "Has the application of mathematics to finance contributed to the financial crisis?"

   http://www.odilejacob.fr/0207/2647/Mathématiques-et-risques-financiers.html

   and Paul De Grauwe:

  Economics is in crisis: it is time for a profound revamp

   By Paul De Grauwe

Published: July 21 2009 22:27
 | Last updated: July 21 2009 22:27

  link: http://www.ft.com/cms/s/0/478de136-762b-11de-9e59-00144feabdc0.html?nclick_check=1


"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge

by proximity1 on Wed Oct 7th, 2009 at 11:44:46 AM EST
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