Mark Buchananchanan Quotes

• “Many of us are confessional giants but ethical midgets.”

  Mark Buchananchanan

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• “Economics is a discipline for quiet times. The profession, it turns out, … has no grip on understanding how the abnormal grows out of the normal and what happens next, its practitioners like weather forecasters who don’t understand storms. —Will Hutton, journalist The Observer, London”

  Mark Buchananchanan

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• “Stabilizing an Unstable Economy,16 Minsky described”

  Mark Buchananchanan

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• “Market economies are self-propelling and self-referential systems strongly driven by perceptions and expectations, and these systems routinely develop explosive amplifying feedbacks.”

  Mark Buchananchanan

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• “Metastability appears to be the key to explaining the quant meltdown, for example, and it plays a major role in the bursting of any economic bubble, whether in Internet stocks, mortgages, or foreign investment. It”

  Mark Buchananchanan

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• “Since the proper test of a theory is not the realism of its assumptions but the acceptability of its implications, and since these assumptions imply equilibrium conditions which form a major part of classical financial doctrine, it is far from clear that this formulation should be rejected—especially in view of the dearth of alternative models leading to similar results.”

  Mark Buchananchanan

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• “Coates argued at length in his book The Hour Between Dog and Wolf”

  Mark Buchananchanan

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