Gresham College Lectures

Gresham's Law in Economics: Background to the Crisis

• Gresham College

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0:00 | 1:03:35
Sir Thomas Gresham said that "bad money drives out good". In Economics, bad theory has driven out good. This fact shaped the decisions of bankers and regulators and thus serves partly to explain the crisis that broke in 2007 and whose shadow extends to this day. This lecture will explore key...

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