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The Natural Instability of Markets: Expectations, Increasing Returns, and the Collapse of Capitalism

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The Natural Instability of Markets: Expectations, Increasing Returns, and the Collapse of Capitalism - Perelman, Michael

As socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the current crises in Russia and East Asia suggest that something might be amiss. In the rush to open societies to the benefits of competition, economists have overlooked the fundamental instability of ... Read More

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