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Redde Rationem: Keynes, Minsky and the Collapse of Long-Term Capital Management Twenty Years Later
(Univerzitet u Beogradu - Filozofski fakultet - Odeljenje za etnologiju i antropologiju, Beograd, 2019)
The aim of this paper is to indicate, through study of the Long-Term Capital Management near-bankruptcy case, fallacies of modern financial theory. Model assumptions that determine the validity of theory must be realistic. ...