The Crisis in Economic Theory: A Review Essay

The Great Recession and the financial crisis of 2007-09 prompted ca lls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recen t books: the sociologist Richard Swedberg's The Art of Social Theory and the economist André Orléan's The Empire of Value: A New Foundation for Economics.

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Year of publication:	2015
Authors:	Hoover, Kevin D.
Publisher:	Durham, NC : Duke University, Center for the History of Political Economy (CHOPE)
Subject:	economic theory \| neoclassical economics \| sociology \| abduction \| mimetic hypothesis \| monetary economy \| fina ncial crisis \| Great Recession

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Series:	CHOPE Working Paper ; 2015-15
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	880492732 [GVK] hdl:10419/149742 [Handle] RePEc:hec:heccee:2015-15 [RePEc]
Classification:	A12 - Relation of Economics to Other Disciplines ; B41 - Economic Methodology ; A11 - Role of Economics; Role of Economists; Market for Economists ; B40 - Economic Methodology. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011592249