Phelps, Edmund S.
November 2008
Forbes Asia;11/10/2008, Vol. 4 Issue 19, p38
The article discusses misapprehensions regarding regulations and whether they will permanently damage capitalism. It is stated that Europeans recognize that they went too far with regulation after Europe experimented with a corporatist economy. Another misapprehension that regulations placed after calamitous times shrink with a wave of prosperity. It states that the current financial crisis presents a chance to reform the financial sector in productive ways.


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