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The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic … power of market forces to solve any economic problem. Neoclassical economics can be blamed for creating the ideological … economics methodology, arguing the need to approach the economy as an interactive complex system, and discussing the use of …
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The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...
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any signs for a crisis of economics. After a short period of public, political and self-criticism of economics and … economics observed after the financial crisis. …
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