Suppressing “Blind” Investment

Mark A. Weaver

Chapter Chapter 8 in Animal Spirits with Chinese Characteristics, 2012, pp 143-156 from Palgrave Macmillan

Abstract: 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 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-11012-1_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137110121

DOI: 10.1057/9781137110121_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().