Word: fergusons
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Economics Department Chair John Y. Campbell moderated a spirited discussion between Economic Professors Jeremey C. Stein and Kenneth S. Rogoff, and History Professor Niall C. D. Ferguson. The panel touched upon poor short-term investment strategies in western countries, faulty “fire marshalling” of these investments, and China’s comparatively better economic health...
...part, Ferguson said that he does not agree with “the rationalizations of other economists.” Instead of relying upon mathematical models like most economists, Ferguson said he used the field of history to better predict economic trends...
...looked at what actually had happened—not at some mathematical model,” Ferguson said. “History shows us that when liquidity dries up, then there’s a problem...
...Ferguson also said he believed that China’s recent recovery from its economic crisis proved its long-term stability—perhaps posing competition to western economic power...
Anyway, regardless of what’s true and what’s not, one thing is certain: this is probably a juicier read than what you'd be assigned if you were in Professor Ferguson's class...