Crisis and the failure of economic theory the responsibility of economists for the Great Recession
Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007-2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happ...
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| Format: | eBook |
| Language: | English |
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Northampton, MA
Edward Elgar Pub.
2017, 2017
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| Series: | New directions in post-Keynesian economics
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| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Table of Contents:
- Part I: The crisis and the mainstream theory
- 1. A brief description of the crisis
- 2. The mainstream economists and the crisis
- 3. The limits of the mainstream theory
- Part II: An alternative theoretical approach
- 4. Keynes and the monetary theory of production
- 5. Finance and risk
- 6. Savings decisions, wealth and speculation
- 7. Money and crisis
- Part III: The endogenous nature of the crisis and the policies for a good life
- 8. The endogenous nature of the subprime crisis
- 9. Overcoming the crisis: which policies?
- Index