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USING REAL WORLD SCENARIOS TO IMPROVE THE RESILIENCE OF ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2022/05/ccrs-abrdn-whitepaper-real-world-scenarios-may-2022-v2.pdf9 Jul 2023: Among other initiatives, it triggered a movement to ‘Reinvent Economics’. The critique of classical economic theory questions the basic assumptions, principally the ‘Efficient Market Hypothesis (EMH)’ and ‘dynamic equilibrium’. -
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https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1034.pdf6 Dec 2023: Others have sought to supplement the market failure approach with insights from areas such as transaction costs and behavioural economics. ... Market failure. Imperfect information. When information is expensive, unreliable and/or difficult to obtain.
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