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EconTalk Archives, 2009 on Smash Notes

Acemoglu on the Financial Crisis

EconTalk Archives, 2009 podcast.

Daron Acemoglu, of MIT, talks with EconTalk host Russ Roberts about the financial crisis and the lessons that need to be learned from the crisis. He argues that economists overestimated the stability of self-interest and ignored the institutional context of financial decision-making. He makes the case for new regulation and worries that political decisions will neglect the importance of growth.