Risk and uncertainty / Paul Davidson -- Lessons from statistical finance / Marc Potters -- Ambiguity and economic activity : implications for the current crisis in credit markets / Sujoy Mukerji -- Macro-economic failures / Charles Goodhardt -- Hayek : another perspective / Meghnad Desai --...

Introduction / Robert Skidelsky and Nan Craig -- part 1. Economics and power: basic models of the relationship. Power and economics / Steven Lukes and Jonathan Hearn -- Economics as superstructure / Norbert Häring and Lucas Zeise -- Economics as science / Nancy CArtwright and John Bryan Davis...

Since the financial crisis of 2008 and the following Great Recession, there has been surprisingly little change in the systems of ideas, institutions and policies which preceded the crash and helped bring it about. 'Mainstream' economics carries on much as it did before. Despite much discussion...

The Economic Crisis and the State of Economics brings together leading economists from a diverse set of backgrounds and presents their take on how economics can explain the current crisis but also how the crisis will affect economic thought