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Suppressing “Blind” Investment

  • Mark A. De Weaver

Abstract

Bankruptcy plays an important role in free market economies. It is one of the processes of “creative destruction,” to use the term that Schumpeter made famous. Shifts in consumption patterns as well as increasing efficiencies in production processes tend to discipline risk-takers betting on past economic trends. In the more extreme cases, bankruptcy becomes a significant enforcer of the mechanisms of the free market.

Keywords

Real Estate Central Government Industrial Policy Affordable Housing Excess Capacity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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© Mark A. DeWeaver 2012

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  • Mark A. De Weaver

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