Topological Economic Theory

  • Frederick Betz
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)


We recall that one of the problems with banking regulation has been its post-facto rather than preemptive mode—fixing bank panics after they occur rather than preventing them. And we recall that this was particularly true of the 2007 global bank panic. Binyamin Appelbaum wrote: “The Fed (Federal Reserve System) began 2007 still deeply immersed in complacent disregard for problems in the housing market. Fed officials knew that people were losing their homes. They knew that subprime lenders were blinking out of business with every passing week. But they did not understand the implications for the broader economy… August 2007 was the month that the Fed began its long transformation from somnolence to activism.” (Appelbaum 2013)


Financial Market Partial Model Capital Asset Financial Bubble Societal System 
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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Frederick Betz
    • 1
  1. 1.Portland State UniversityPortlandUSA

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