Too Big to Fail

Colin Read

Chapter 19 in The Rise and Fall of an Economic Empire, 2010, pp 187-193 from Palgrave Macmillan

Abstract: Abstract The economies of scale that give rise to economic empires can be substantial. Empires flourish through their ability to build better or more efficient mousetraps, or through natural endowments of various factors of production, often labor, that bestows upon them a comparative advantage over their global competitors. However, chaos theory predicts that economic uncertainty also increases with size.

Keywords: Moral Hazard; Private Equity; Great Recession; Chaos Theory; Economic Uncertainty (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29707-4_20

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DOI: 10.1057/9780230297074_20

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