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The Global Economic Crisis "New Perspectives on the Critique of Economic Theory and Policy"

New Perspectives on the Critique of Economic Theory and Policy

The Global Economic Crisis "New Perspectives on the Critique of Economic Theory and Policy". New Perspectives on the Critique of Economic Theory and Policy

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  • ISBN:9780415586610
  • Editorial: Routledge
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:352
  • Idiomas:Ingles

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Why did the economists of the neoclassical mainstream fail to foresee the worldwide economic crisis that exploded in 2008? And why do they appear to have difficulty in putting forward any interpretation of it consistent with the theoretical foundations of their models? These two questions have echoed insistently ever since the outbreak of the great recession, not only in academic circles but also in the mass media, and appear to reflect increasingly widespread dissatisfaction with the neoclassical paradigm of economic theory. Many believe, however, that the great recession now underway may constitute a historic watershed also for the evolution of economics and therefore that an authentic change of paradigm is called for rather than minor adjustments to the dominant neoclassical approach.This book constitutes a collection of new work from the Italian schools of critical thought that promises reinterpretations of the primary schools of heterodox economics, stringent critiques of the mainstream readings of the recession, new models of theoretical and empirical analysis of the crisis, and proposals for economic policies alternative to those hitherto adopted.

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