A failure of capitalism : the crisis of '08 and the descent into depression
By Richard A. Posner. 2009
282 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/4ae86f42f976bbfb435a33b26b37fe291cae9cf0
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In Finance
Citations in the corpus
- The Credit Crisis and the Moral Responsibility of Professionals in Finance (2011, background): “…selling of these loans in a way that disguised the real risks (Mian and Sufi, 2008); unreliable ratings by specialists (Skreta and Veldkamp, 2009); risky investment policies (of banks) (Posner, 2009), driven by an exorbitant bonus culture of top management (Advisory Committee Future Banks, 2009).”
- Implications of behavioural economics for financial literacy and public policy (2012, background): “For rational decision-makers to make optimal decisions, the information at hand must also be as correct as possible (Lewis, 2010; Posner, 2009; Roubini and Mihm, 2010).”
- The New Political Role of Business in a Globalized World – A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy (2011, unknown): “This debate is further intensified by the current financial crisis and the apparent limitations of the belief that the free market cures all (Krugman 2009; Posner 2009).”
- Uncertainty, Risk, and the Financial Crisis of 2008 (2014, unknown): “Posner 2009, 100.”
- Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective (2018, unknown): “10 Perhaps equally important results during our sample period would have been influenced by the great recession (depression) of 2008–2009 (Posner 2009; Solow 2009).”
- The Misapplication of Mr. Michael Jensen: How Agency Theory Brought Down the Economy and Why it Might Again (2010, unknown): “Many accounts of the crisis point to excess leverage by mortgage lenders, which put them at risk when mortgage-backed securities and mortgages themselves failed, and encouraged them to try even riskier moves to save themselves (Johnson, 2008; Sorkin, 2009; Posner, 2009).”