Six refuted doctrines
AbstractThis article examines six widely-held doctrines concerning economic theory and economic policy that have been refuted, or at least rendered highly problematic by the global financial crisis, namely: (i) the efficient markets hypothesis; (ii) the Great Moderation; (iii) central bank independence; (iv) trickle down; (v) the case for privatization; and (vi) individual retirement accounts. Copyright (c) 2009 The Economic Society of Australia.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP09_2.
Date of creation: Feb 2009
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Other versions of this item:
- John Quiggin, 2009. "Six Refuted Doctrines," Economic Papers, The Economic Society of Australia, The Economic Society of Australia, vol. 28(3), pages 239-248, 09.
- Quiggin, John, 2009. "Six Refuted Doctrines," Risk and Sustainable Management Group Working Papers, University of Queensland, School of Economics 151521, University of Queensland, School of Economics.
- G1 - Financial Economics - - General Financial Markets
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