Allington, Nigel F.B.; McCombie, John S.L.; Pike, Maureen - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 4-21
The subprime crisis raised some fundamental questions about the usefulness of mainstream economics. This paper considers the shortcomings of the new neoclassical synthesis and the new macroeconomic consensus in analysing the causes and consequences of the crisis. It demonstrates that the major...
