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New Book Examines Why Academics Missed The Great Housing Bubble and What Mistakes Were Made
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Lawrence Roberts, author of The Great Housing Bubble, documents many instances in
the academic literature where scholars completely missed the housing bubble.
He
further speculates on why most academics did not see the housing bubble...
[Plus]
Lawrence Roberts, author of The Great Housing Bubble, documents many instances in
the academic literature where scholars completely missed the housing bubble.
He
further speculates on why most academics did not see the housing bubble and did not
warn the public to its perils.
Irvine, CA, February 02, 2009 -- Lawrence Roberts, author of ?The Great Housing
Bubble,? notes that academics largely missed the housing bubble.
He quips, ?It is
amazing to this author how so many academics along with the general public can
completely miss financial bubbles and deny their existence past the point where it
is obvious to everyone.
?
The Great Housing Bubble documents several cases where academics wrote articles at
or near the peak of the housing bubble where they contended prices were supported
by fundamentals.
Roberts found this very surprising, ?Even at the very peak of the
insanity, there are well-educated market observers that miss the signs or believe
the fallacies which serve to inflate th
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