Showing 1 - 3 of 3
This paper highlights a number of flaws within macro and financial economics that originated the 2007-2011 global economic and financial crisis. These flaws are deeply rooted in neoclassical economics, so much so as the lack of pluralism within the economics profession makes it impossible for...
Persistent link: https://www.econbiz.de/10010669835
The crisis that burst in 2007 has revealed a number of conceptual and methodological flaws of neoclassical economic analysis, based on rational behaviour, representative agents, and microfounded macroeconomics, where money and banking are considered as pertaining to the microeconomics of goods...
Persistent link: https://www.econbiz.de/10010669848
The financial and economic crisis that has been devastating a number of countries in the world since its outbreak in 2007-2008 originates in the currently still dominant paradigm in both finance and economics. The contributions selected for this special issue explain collectively that the only...
Persistent link: https://www.econbiz.de/10010669869