3. Technology and Invention in Finance
Posted by admin | Posted in Finance | Posted on 09-09-2009
Tags: Information Technology, Postal Service, Social Security
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Financial Markets (ECON 252) Technology and innovation underlie finance. In order to manage risks successfully, particularly long-term, we must pool large amounts of risk among many, diverse people and overcome barriers such as moral hazard and erroneous framing. Inventions such as insurance contracts and social security, and information technology all the way from such simple things as paper, and the postal service to modern computers have helped to manage risks and to encourage financial …
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