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Cambridge Journal of Economics 2009 33(4):531-538; doi:10.1093/cje/bep038
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© The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Introduction: the global financial crisis

Stephanie Blankenburg and José Gabriel Palma

The first 150 words of the full text of this article appear below.

If you have ten dollars, see me in the morning. If you've got six, can I lend you four? Groucho Marx in The Cocoanuts (1929)

... to exist you need an ideology. The question is whether it is accurate or not. And what I am saying is, yes, I found a flaw. I don't know how significant or permanent it is, but I've been very distressed by that fact. Alan Greenspan at a Congressional Hearing on the Financial Crisis in October 2008

There cannot now be a shadow of a doubt that ‘the flaw’ in his ideology—admitted by Alan Greenspan in response to a question by Henry A. Waxman, Chairman of the US House of Representatives Committee on Oversight and Government Reform, whether he felt ‘that your ideology pushed you to make decisions that you wish you had not made?’—is both significant and permanent. The current financial and economic crisis . . . [Full Text of this Article]


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