Friday, June 3, 2011

Good Failure, Bad Failure

Here's an interesting podcast about a new book by one of my favorite economist writers, Tim Harford.
"Of course we have this classic phrase now, 'too big to fail,'" Harford says. "That really tells you what was wrong with Wall Street: We created institutions that couldn't fail safely."
The book is called Adapt and it sounds like an interesting book to me.

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