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Business Economics Vol. 46, No. 1 National Association for Business Economics Book Reviews depositor, you could have in- and Frank Knight in the 1930s— Jimmy Stewart is Dead: numerable choices among ac- three of the world’s leading eco- Ending the World’s counts—each offering a different nomists of their day. The world Ongoing Financial risk and expected return. listened to John Maynard Keynes’ For example, you could have many deep insights; but unfortu- Plague with Limited an account backed by cash and nately, it entirely ignored Simons, Purpose Banking you would probably pay a fee Fisher, and Knight. for the privilege. Or, you could Laurence Kotlikoff, who is have an account backed by professor at Boston University, By Laurence Kotlikoff. 2010. Treasury bills, or one backed by a fellow of the Econometrics New York: John Wiley and Sons. high grade corporate paper. Society, and a research associate Pp. 241, $27.95 hardcover. Each account would have its of the National Bureau of Eco- own set of rules on how (and nomic Research, thinks this is an Business Economics (2011) 46, 56–57. how quickly) funds could be idea worth reviving. He calls it doi:10.1057/be.2010.42 withdrawn. Limited Purpose Banking (LPB), In such a
Business Economics – Springer Journals
Published: Jan 1, 2011
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