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lage surrounded on all sides by fire, of afterwards when you discover there isn't a tree standing for twenty miles in any direction. In this light, Cooper's suggestion that central banks should aim for a pattern of small business cycles is eminently sensible. Simply reducing leverage and excess liquidi
mp/econophysics/abstracts.html Clementi F, Gallegati M, 2005. Power law tails in the Italian personal income distribution. Physics A 350, 427-438. Cooper G, 2008. The origin of financial crises: Central banks, credit bubbles and the efficient market fallacy. London: Harriman House. Corbett _I, Jenkinso
002. Macroeconomics, Understanding the Wealth of Nations. John Wiley and Sons. 287 EFTA00625415 Mirowski 1989 Mirowski 2010 Mitzenmacher 2004 Napier 2007 NEA 2010 Newman 2005 New Scientist 2008 Nirei & Souma 2007 Nise 2000 Norton Ariely 201 Noser 2010 ONS 2003 ONS 2004 Ozawa et al 2003
ciers, people such as Pettis, Shiller, Smithers, Cooper, Pepper & Oliver have then made insightful attemp
becomes a much more powerful theoretical method than neoclassicism. The economic historians such as Reinhart & Rogoff, Shiller, Smithers, Harrison, Napier and Bernholz have the advantage of the long sweep of history to prevent them from accepting high- faluting theory that disagrees with reality. This
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ology, Robert Heath, Tulane Medical School’s Gary Cooper-like charismatic chairman of the psychiatry depar
maticians said even 12 HOUSE_OVERSIGHT_013512 Descartes, the essential Enlightenment rationalist, was responsive to his “...call of the Spirit...” Napier the inventor of logarithms wrote an exegetical commentary on the Book of Revelations. The mathematician and physicist, Pascal, believing that contact
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