Watching the Crisis from B-School

They say that even the gods fear the fates. As the agents of destiny would have it, the collapse of the financial markets coincided with my first semester of business school. When the planets aligned in what Alan Greenspan described as a "once in a century" crisis, the topsy-turvy world I was trying so hard to navigate tried to right itself through seismic shifts, aftershocks, and revelations. The economic principles about the free market that made so much sense mapped out with graph paper, colored pencils, and mathematical equations this past summer evaporated into a cloud of uncertainty. Perhaps, as Nobel Prize winning economist Joseph Stiglitz stated in his 2006 book, Making Globalization Work, "the reason that the invisible hand often seems invisible is that it is often not there."

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