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person > Robert Shiller
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According to recent studies, in most cases spending cuts have a tendency to weaken economies.
Much of modern economic and financial theory is based on the assumption that people are rational, says author.
A self-described financial 'expert' makes incendiary remarks about bankers but former Goldman traders disagree.
The drop in economic confidence was sharper in July 2011 than it was in 2008, due to fears of a US debt default.
Japan could have mitigated financial fallout with proper catastrophe insurance, such as GDP "trill" bonds.
By 2010, US farm prices fell only 5 per cent from their 2008 peak, compared with 37 per cent for home prices.
Excessive debt concentrations, rather than hot capital inflows, are causing global economic imbalances.
Kenneth Rogoff
Economists ignored human factor in run-up to financial crisis, says Samah El-Shahat.
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
 
 
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