The paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - using certain policy recommendations - the recurrent financial and fiscal crises, and finally, economic crisis, recurrently registered in the world. From author opinion, in the...

The paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - using certain policy recommendations - the recurrent financial and fiscal crises, and finally, economic crisis, recurrently registered in the world. From author opinion, in the...

This note is a new version of the one already released this year making a conceptual analysis of what the author developed in detail in his 2012 paper dealing with crises and economic models. It re-emphasizes the need to introduce into the discussion the question of the moral behavior of...