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Resumen de The ponzi economy.

Kaushik Basu

  • The article discusses Ponzi, or pyramid, schemes, focusing on research by the author and others that suggests many aspects of modern economies are similar to such scams. Topics include obstacles to financial regulation of Ponzi practices, analysis of the mathematical structure and psychology behind the schemes, and identification of Ponzi-like phenomena such as financial bubbles and certain stock options.


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