In my opinion, the global financial meltdown had less to do with macroeconomic errors – although such errors occurred – than with distorted and incompatible micro incentives. Here are 11 reforms that will damp the tendency of financial markets to stampede.
在我看來,全球金融災難的發生,更多是由于扭曲而矛盾的微觀激勵,而非宏觀經濟錯誤——盡管這類錯誤確實發生了。以下11項改革措施將阻止金融市場的跟風趨勢。
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