@techreport{fe0d5607dac44d77866d41c542755eca,
title = "Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)",
abstract = "Throughout the world every economic and socio-economic indicator has deteriorated. The so-called {\textquoteleft}real economy{\textquoteright} has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable. What caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.",
keywords = "credit crisis, incentives, irrationalities, leverage, light-touch, market failure denial, regulation, shareholder value, short-termism, speculation, toxic assets",
author = "Brendan McSweeney",
year = "2009",
month = feb,
doi = "978-1-905846-26-9",
language = "English",
series = "School of Management Working Papers",
publisher = "The School of Management, Royal Holloway University of London",
number = "SoMWP-0902",
type = "WorkingPaper",
institution = "The School of Management, Royal Holloway University of London",
}