Tuesday, November 15, 2011

Nods, winks, peer pressure and boss pressure: their role in the current crisis

My view is and has been that the current crisis could not have come into being had the existing rules been followed.

I have publicly stated that nods and winks on the part of elected officials "steered" people in responsibility towards taking their responsibilities less seriously than they might have done - ffor example, laying the cultural and market basis for the repeal of the Glass-Steagall Act.

I see that Justin M. Ross of Indiana University's School of Public and Environmental Affairs has demonstrated the role of political influence in what might seem, at first glance, to be the "objective" domain of the assessment of the value of property:
http://ideas.repec.org/a/sej/ancoec/v771y2010p776-794.html Sphere: Related Content

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