Bank on morality
Olin Business School’s Daniel Gottlieb was part of a group of researchers conducting an economic behavioral study on how a consumer’s moral compass points him or her to repay debts. The group borrowed from Muslim teachings.
A “Minsky moment”
FazzariWUSTL economist Steven Fazzari, Ph.D., argues that we have now reached the “Minsky moment,” the time when an unsustainable financial boom turns to bust. “The serious consequences for employment and economic growth in this crisis can be mitigated, but not eliminated, by the defensive financial bailouts that the federal government has initiated,” Fazzari says.