Quarterly Journal of Austrian Economics
Author:
Erwin Rosen
Adrián Osvaldo Ravier
Online Publish Date:
emphasis on its contribution to the 2008 crisis and then suggests an alternative policy which, had it been in place would have dampened the most recent boom and bust. on the 2008 crisis points to different perpetrators, from flawed financial innovations such as collateralized debt obligations (CDOs) to weak regulations, from as long as it is the natural consequence of improvements, such as technological innovation, from which lower production costs are a beneficial byproduct. Conclusions