Understanding Technology Bubbles
New Books in Economics
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Is There a Theory of Bubbles?
The book was called, Winner, They're Not Bubbles. It's a way to really focus the question on this epistemic failure in other studies of bubbles. You cannot just look at bubbles and try to understand what caused them; you need cases when bubbles didn't happen. And so it was our device to keep the focus on that as we worked on the book.
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