Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Was the Financial Crisis Caused by Ignorance?

Famed economist Hernando de Soto argues in the most recent issue of Business Week that the financial crisis was brought about by a reversal of a long trend to record and classify economic knowledge.

In reaction to earlier economic crises, reformers assembled what de Soto describes as "the first massive 'public memory systems.'"