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Financial Crisis and the Failure of Economic Theory: Modern Heterodox Economics

Autor Jorge Turmo Arnal
en Limba Engleză Paperback – 30 sep 2020
The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This anthropological approach uses the strengths of many existing economic theories, including Keynesian and Austrian economics, to present a new framework for anticipating and averting the financial crises of the future.
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Specificații

ISBN-13: 9780367669270
ISBN-10: 0367669277
Pagini: 208
Dimensiuni: 156 x 234 x 16 mm
Greutate: 0.39 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Modern Heterodox Economics

Locul publicării:Oxford, United Kingdom

Cuprins

Introduction  1. The Financial Crisis and Modern Economics: From Surprise to Puzzlement  2. A Different Look to Economic Theory: The Anthropological Approach  3. The 'Building Blocks' of Modern Economics: We Do Really Need a Meta-Theory  4. The Meta-Theory at Work: A Case Study in Growth Theory and Real Business Cycle Theory  5. Governments and the Financial Crisis: Making Economic Policy in the Dark  6. Explaining More Complex Phenomena: The Financial System  Final Remarks

Notă biografică



Ãngel Rodriguez, Autonomous University of Madrid
Jorge Turmo Arnal, Autonomous University of Madrid
Oscar Vara Crespo, Autonomous University of Madrid

Descriere

The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This an