Importance of the event/decisions for the evolution of economic institutions.

The causes of the Financial crisis in 2007

These papers should include:

• Overview of the historical events analyzed and the historical context in which they occurred
• Explicit discussion of the relevant economic concepts important to the event
• Explicit discussion of the economic philosophy, concepts, or beliefs that framed the policy decisions made that either contributed to the event or in response to the event and to what extent, if any, decision-makers of the time misunderstood the consequences of their decisions
• Analysis of the importance of the event/decisions for the evolution of economic institutions.

You have some liberty in how you address the paper. Just make sure that the emphasis in the paper is on the economics, not just the history. The historical events themselves are important, but the emphasis of the paper needs to be an economic analysis of the event.

PS: I will provide the sources.

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