What Caused the Financial Crisis?
Introduction In the last ten years, perhaps no phenomenon has shaken the foundations of the global economy as much as the 2007/08 financial crisis. From severe economic contractions in indust...
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free markets
An Invincible Hand? The shortcomings of a laissez-faire system for individual economic interests and the necessity of state regulation.
The modern market economy is a complex yet remarkably effective mechanism in which resources are organised and distributed. Historically, an unimpeded system of autonomous individuals acting in a...
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