It was a great mistake of neoclassical economists not to see that capitalism is a socioeconomic system, and that institutions are an essential part of it. The recent financial crisis was made far worse by profound institutional failures, such as the high level of leverage that banks were permitted to have.
古典经济学家没有把资本主义视为社会经济体系，也没有把制度视为其中的关键部分，这是一个严重的错误。最近的金融危机由于重大的制度失灵而变得更加糟糕，比如允许银行采用高杠杆率。