Universities Need to Award Research on Stability, Economic Efficiency and Constitutional Fairness
After the financial market meltdown of 2008, many elite universities like Oxford, Cambridge, NYU, Princeton and financial associations as well as central banks held conferences on papers explaining financial crashes. My papers - showing that financial crashes are inevitable because the established inefficient, unstable and constitutionally unfair – were not accepted. One can infer rationally that experts were seeking models explaining periodic financial crashes while justifying the established.
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