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The economics profession, the financial crisis, and method

Colander, David - In: Journal of Economic Methodology 17 (2010) 4, pp. 419-427

In 2007-2008, the world economy came perilously close to a systemic failure in which a financial system collapse almost undermined the entire world economy as we know it. These events have led some to fault the economics profession for its failure to predict the crisis, and to ask whether the...

Persistent link: https://www.econbiz.de/10009215383

Capitalism as a Complex Evolving System

Colander, David - In: Ekonomi-tek - International Economics Journal 3 (2014) 1, pp. 13-22

Economies are often classified into polar divisionsâ€”socialist, capitalist, communist. That approach is not especially useful. Successful systems are by nature pragmatic, and they evolve into blended pragmatic systems that quickly move out of any pre-specified space. Accepting that all...

Persistent link: https://www.econbiz.de/10011162558

The Economics of Influence

Colander, David - In: Journal of Economic Issues 48 (2014) 2, pp. 485-492

history of the profession's current policy story, and argues that a newly developed complexity theory offers a richer policy …

Persistent link: https://www.econbiz.de/10010781626

Complexity and the Art of Public Policy: Solving Society’s Problems from the Bottom Up

Colander, David; Kupers, Roland - Princeton University Press

Complexity science—made possible by modern analytical and computational advances—is changing the way we think about …, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more … lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity …

Persistent link: https://www.econbiz.de/10011082770

Live and dead issues in the methodology of economics

Colander, David; Holt, Richard P.F.; Rosser, J. Barkley - In: Journal of Post Keynesian Economics 30 (2007) 2, pp. 303-312

We attempt to clarify divisions made by us in previous work (Colander et al., 2004a; 2004b) between "orthodox, mainstream, and heterodox" in economics, following useful remarks in Dequech (2007-8), whom we thank. We also provide specific advice for heterodox economistsânamely, worry less about...

Persistent link: https://www.econbiz.de/10005750129

Why economics textbooks should, but don't, and won't, change

Colander, David - In: European Journal of Economics and Economic Policies: … 12 (2015) 2, pp. 229-235

discusses how presenting policy within a complexity frame may make it more likely that, if the stars align just right, change …

Persistent link: https://www.econbiz.de/10014363238