Considers neoclassical models in light of results that can go wrong with them to bring about better models. This work offers an examination of the LTCM collapse.
* Considers neoclassical models in light of results that can go wrong with them to bring about better models.
* Questions the assumption that markets clear quickly.
* Offers a timely examination of the LTCM collapse.
* Written by a group of well-respected and highly qualified authors.
