A network perspective makes clear that there are enormous…

Page 92. A network perspective makes clear that there are enormous externalities, and that in order to assess systematic risk, we must have a more complete picture of the financial network of exposures, we are dangers are completely missed by looking at financial institutions one at a time. In addition, they are externalalities in the partnerships that people form.

— from The Flight Plan (Purpose/Wisdom/Risk) · Human Network written by Matthew O. Jackson

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