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Revisiting Neoclassical Assumptions, Antitrust Enforcement, and the Consequences of New Bank Capital Rules
This chapter explores the prevailing neoclassical assumptions and the need for reinvigorating antitrust enforcement to address market failures. It also discusses the recognition by the Biden administration of the failures of the current system and potential consequences of new bank capital rules on everyday Americans. Additionally, it touches on trust and transparency in technology and the role of open source in AI development.