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Econophysics, the financial crisis, and the need for greater transparency
November 23rd, 2010
Whether or not our economy mirrors seismic activity, we still need financial transparency, explains Karly Curcio
Policy makers and economists around the world are being challenged with the question “what needs to be done to ensure the soundness of the global financial system?” Scholars are introducing non-traditional methods for attacking the question. Some economists say that traditional economic theory holds, and that the best approach is to allow for free markets with minimal regulatory distortions. Others argue that we must be open to an alternate paradigm. In a letter to George Soros, financier and founder of the Institute for...
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