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public. This state of affairs makes clear the need for a major reorientation of focus in the research economists undertake …, as well as for the establishment of an ethical code that would ask economists to understand and communicate the …
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economists contribute, or why did economists fail to provide a convincing answer for the origins of the crisis, and possible …
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We suggest that one way in which economic analysis is useful is by offering a critique of reasoning. According to this view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It is argued that, when a theory requires a non-trivial...
Persistent link: https://www.econbiz.de/10012969933
We suggest that one way in which economic analysis is useful is by offering a critique of reasoning. According to this view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It is argued that, when a theory requires a non-trivial...
Persistent link: https://www.econbiz.de/10013005923
The Great Recession and the financial crisis of 2007-09 prompted ca lls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recen t books: the sociologist Richard Swedberg's The Art of Social Theory and the...
Persistent link: https://www.econbiz.de/10011600520
The Great Recession and the financial crisis of 2007-09 prompted calls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recent books: the sociologist Richard Swedberg's "The Art of Social Theory" and the...
Persistent link: https://www.econbiz.de/10013003038
crises-related topics. Overall, our findings are consistent with the claim that economists were not engaged sufficiently in … NBER affiliated economists responded dramatically by switching their focus and efforts to studying and understanding the … crisis, its causes and its consequences. Thus, although economists were slow to see the crisis coming, they were fast to act …
Persistent link: https://www.econbiz.de/10012840878