Wednesday May 23rd 2012
The past as prologue
Feb 26th 2009, 16:00 by Lexington
I HAVE to confess that Engineering & Science, a magazine published by Cal Tech, is not part of my regular reading. But the Winter 2008 issue contains an eye-opening essay by Philip Hoffman and Jean-Lurent Rosenthal setting the current economic crisis in a broad historical setting. The moral, at the very least: money people should spend less time studying financial formulae and a lot more studying economic history.
(Hat tip to Growthology.org)
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