# macroinstitute.org


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- [Home](https://macroinstitute.org/): Cutting Edge Research The Socio-Political Theory of Financial Crises (SPTC)© Crises are difficult to predict with the most recent and notable example being the failure of the economic profession to see the 2007-2008 Credit Crunch. Why? The quantitative approach to financial crises depends on one key assumption – the comparability of financial crises. Thus, we should ask: how comparable are crises? An important consideration is the context – social, political and institutional. Next, if financial crises are comparable to a certain extent, then we should be able to make predictions. This naturally leads one to ask: how predictable are crises? […]
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