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Letter to the Queen: Why No One Predicted the Crisis
Her Majesty The Queen Buckingham Palace London SW1A 1AA [...]
Could an early warning system have predicted the crisis?
Could an early warning system have predicted the crisis?
voxeu.org — Andrew K. Rose , Mark M. Spiegel , 3 August 2009 The 2008 global financial crisis has... led to renewed calls for “early warning models” to reduce the risks of future crises. But this column says that few of the characteristics suggested as potential ... (more) Could an early warning system have predicted the crisis?
"Why had Nobody Noticed that the Credit Crunch Was on its Way?"
economistsview.typepad.com — A letter to the Queen attempting to explain why economists missed the financial crisis: Her Majesty The... Queen Buckingham Palace London SW1A 1AA MADAM, When Your Majesty visited the London School of Economics last November, you quite ... (more) "Why had Nobody Noticed that the Credit Crunch Was on ...
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Tom Palley Writes to the Queen of England
EconoSpeakLetter to the Queen: Why No One Predicted the Crisis Her Majesty The Queen Buckingham Palace London SW1A 1AA 29 July 2009 MADAM, In response to your question why no one predicted the crisis you have recently received a letter from Professors Tim Besley and Peter Hennessy, sent on behalf of the British Academy. They claim economists’ failure to foresee the crisis was the result of a “failure of the collective imagination.” That claim is tendentious and will mislead you. The failure was due to the ...

Links 7/31/09
naked capitalism — ... minuet FT Alphaville (hat tip Richard S) Compensation Committees To Be More Like Audit Committees: Okie-Dokie Francine McKenna China's corporate world ruled by princes Elite Chinese Politics and Political Economy (hat tip reader Paul S) Marc Faber: China’s numbers are fake Ed Harrison Wall Street Analysts Keep Telling Big Earnings Lie David Pauly Bloomberg The (almost) dollar crisis of 2007 … Brad Setser Letter to the Queen: Why No One Predicted the Crisis Thomas Palley Fiscal Policy and Banking ...

links for 2009-08-01
Economist's View — ... Letter to the Queen: Why No One Predicted the Crisis - Thomas Palley America’s healthcare should no longer be tied to jobs - FT ...

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Queen Elizabeth II Questions the Efficient Markets HypothesisEclectEcon
From the Telegraph , [A] three-page letter, signed by London School of Economics professor Tim Besley, an external member of the Bank of England's monetary policy committee, and political historian Peter Hennessy, was sent after the Queen asked on a visit to the LSE why nobody had predicted ...