Financial crisis and the failure of economic theory / by Ángel Rodríguez, Jorge Turmo and Oscar Vara.
By: Rodríguez García-Brazales, Ángel [author.].
Contributor(s): Turmo, Jorge [author.] | Vara, Oscar [author.].
Material type:
BookPublisher: London : Pickering & Chatto, c2014Description: ix, 198 p. ; 24 cm.ISBN: 9781848935150 (cased) :.Subject(s): Economic forecasting | Economics -- Sociological aspectsAdditional physical formats: Ebook version: No titleDDC classification: 330.011 2 Summary: The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This anthropological approach uses the strengths of many existing economic theories, including Keynesian and Austrian economics, to present a new framework for anticipating and averting the financial crises of the future.--
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| 328.730 92 Del No retreat, no surrender : | 330 Fri International political economy : | 330 Whi Economics made simple / | 330.011 2 Rod Financial crisis and the failure of economic theory / | 330.011 3 Afo Computational economics : | 330.019 Tha Nudge : | 330.019 Tha Nudge : |
Includes bibliographical references (pages 185-194) and index.
The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This anthropological approach uses the strengths of many existing economic theories, including Keynesian and Austrian economics, to present a new framework for anticipating and averting the financial crises of the future.--
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