Economics of Knowledge And Social Intelligence
To assess the evolution of the Financial Architecture after the Asian Crisis, the Meltzer Report provides a good gauge for the critique of the USA and other G7 countries towards the International Financial Institution. The report is named after Allan … Continue reading →
27. April 2008 by kasi
Categories: Reports |
Tags: allan h meltzer, asia crisis, bcbs, bis, bretton woods, financial architecture, g7, hipc, iais, ifc, ifiac, imf, iosco, lender of last ressort, meltzer-report, paris club, sovereign debt, world bank, wto |
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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
— John Maynard Keynes
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