Mathematics or Mismanagement:The Crash of 2008

摘要

We are too much accustomed to attribute to a single cause that which isthe product of several, and the majority of our controversies come fromthat.'Justus von Liebig, 19th century German chemist Both aspects of this statement appear to apply to the globalfinancial disaster of 2008. But despite the media enthusi-asm for identifying a single cause, the truth is morecomplex. A variety of contributory factors came together, to actsynergistically.