Why are we in a recession? An NBER paper by Ravi Jagannathan, Mudit Kapoor, Ernst Schaumburg.
In quotes:
"Arguing against conventional wisdom about the causes of the recession, the authors say that the inability of existing financial and legal institutions to cope with the huge increase in the world’s labour supply in a very short time period, led to the recession."
This paper is available as PDF (741 K) or via email.
Powered by ScribeFire.
