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Saturday, July 9, 2011
Risky Business
Life is a risky business - that's why the insurance people. But, in the face of unexpected disaster, the trip must be always under Professor Ferguson after post-Katrina New Orleans to ask why the free market can not offer sufficient protection against disaster. His search for answers leads him to the origins of modern insurance in the early 19 th Century and the birth of the welfare state in postwar Japan.
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