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Perspectives: Of Laws, Lending, and Limbic Systems

Posted: 18 Feb 2010  

William J. Bernstein

Frontier Advisors

Date Written: February 16, 2010


Over the past four centuries, financial crises have occurred at semi-regular intervals of approximately once a decade. Their primary mechanism seems to be the increasingly elastic nature of credit in the modern financial system. Recent advances in neurophysiology and cognitive neuropsychology shed light on this phenomenon and provide hints about how such crises might be mitigated in the future.

Keywords: Investment Industry, Historical Trends, Advocacy, Regulatory, Legislative Issues, Advocacy Issues, Economics

Suggested Citation

Bernstein, William J., Perspectives: Of Laws, Lending, and Limbic Systems (February 16, 2010). Financial Analysts Journal, Vol. 66, No. 1, 2010. Available at SSRN:

William J. Bernstein (Contact Author)

Frontier Advisors ( email )

1890 Waite Dr. Suite 3
North Bend, 97459
541-756-0668 (Phone)
541-756-3774 (Fax)

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