Saturday, May 30, 2009

The Financial Crisis and the Systemic Failure of Academic Economics

The Financial Crisis and the Systemic Failure Streamyx Combo Package Academic EconomicsSource: University of Copenhagen Department of Economics Discussion Papers (via SSRN)The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once Windows Xp Antivirus started to unfold. In our view, this lack

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For a while there it looked like high-speed internet was never going to make it past the suburbs: cable companies have just been so lethargic when it comes to expanding their networks, and even when they do expand, it is never much more than a few miles down the road and away from the urban centers. Anybody that has to drive for more than an hour to get to a major population center can pretty much write off the possibility of ever hooking up to a cable network! As a result, a large majority of the physical surface area of the country is beyond the reach of this form of telecommunications...which leaves the door wide open for satellite internet broadband, the only other alternative for super fast download rates.

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