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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. ...
How to Deal With Economic Depression: Experimental and Theoretical Lessons from the Great Depression
(Univerzitet u Beogradu - Filozofski fakultet - Odeljenje za etnologiju i antropologiju, Beograd, 2015)
The purpose of this paper is to explain not only why the Euro Area debt crisis does not subside, but also, why it deepens. We believe that the experience of the Great Depression can help economic theorists and officials ...