Thomas Ferguson is the Research Director at the Institute for New Economic Thinking. He is Professor Emeritus at the University of Massachusetts, Boston and Senior Fellow at Better Markets. He received his Ph.D. from Princeton University and taught formerly at MIT and the University of Texas, Austin. He is the author or coauthor of several books, including Golden Rule (University of Chicago Press, 1995) and Right Turn (Hill & Wang, 1986). His articles have appeared in many scholarly journals, including the Quarterly Journal of Economics, International Organization, International Studies Quarterly, and the Journal of Economic History. He is a member of the editorial board of the International Journal of Political Economy and a longtime Contributing Editor at The Nation.
Thomas Ferguson
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When Wolves Cry “Wolf”: Systemic Financial Crises and the Myth of the Danaid Jar
Presented at the inaugural Conference at King’s College
When Wolves Cry “Wolf”: Systemic Financial Crises and the Myth of the Danaid Jar
Financial crises are staggeringly costly. Only major wars rival them in the burdens they place on public finances.