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- W1958369694 abstract "The American economy has undergone a dramatic structural change in the first decade of the 21st Century. The real-economy causes of this transformation, and their expression via the real estate market and its financial derivatives’ market, and their final manifestation in world financial markets, is explained using traditional economic theory. A three-sector Walrasian general equilibrium model, and a non-Walrasian temporary equilibrium model with fixed prices and quantity constraints, are both utilized to explain the real-economy causes of the observed stylized facts. Some remedies that will likely work, and ones that will not, are also identified. (95 words)" @default.
- W1958369694 created "2016-06-24" @default.
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- W1958369694 date "2008-11-04" @default.
- W1958369694 modified "2023-09-27" @default.
- W1958369694 title "Real economy causes of the Great Deprivation of early 21st Century" @default.
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