Lessons of the North Atlantic Crisis (Stiglitz)

The lessons of the North Atlantic crisis for economic theory and policy by Joseph Stiglitz published by Social Europe Journal (5/2013). “The world has seen a hundred financial crises in the past three decades. In this column, Nobelist Joe Stiglitz argues that we could have done much more to prevent this crisis and to mitigate its effects. Looking ahead, we can do much more to prevent the next one. This is a change to revolutionise flawed economic models, and perhaps exit from an interminable cycle of crises.”