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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, May 15, 2012

True Lessons of the Recession

Raghuram Rajan writes on the reasons of the recent recessions and what are the lessons that we may take from the outcome of the recession. A noteworthy one to read.

Link of the article published in Foreign Affairs.

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