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Product Information

In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses---economic, psychological, and social values. Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and financial crises. So, they search more extensively within the broader discipline of economics for ideas related to crises but neglected perhaps because they were not mathematically rigorous. They affirm that the complexity of financial crises necessitates complementary research. Thus, to put the focal purpose of this book differently, they explore the Global Financial Crisis from three interconnected frameworks: the standards of orthodox economic analysis, Minskyan economics, and the role of ideas and values in economics. Values are the subject of both philosophy and psychology and can contribute to a better understanding of the Global Financial Crisis. Values, in general, have been relatively neglected by economists. This is not because there is doubt about their significance, but rather because welfare economics and collective choice still operate within the neoclassical paradigm. This volume argues that analyzing the value implications requires moving from the neoclassical framework to something that is broader and multidisciplinary.

Product Identifiers

PublisherOxford University Press, Incorporated

ISBN-100199386226

ISBN-139780199386222

eBay Product ID (ePID)220499979

Product Key Features

Publication Year2016

Number of Pages480 Pages

LanguageEnglish

IllustratorYes

FormatHardcover

Dimensions

Item Height1.1 in

Item Weight30.5 Oz

Item Length9.4 in

Item Width6.5 in

Additional Product Features

GroupScholarly & Professional

Reviews"This [book] provides evidence that while such collapses are avoidable, our understanding of behavioral decision making suggests that similar mistakes will be made in the future. Economics graduate students will find this stimulating and insightful. Summing Up: Recommended." -- CHOICE

Dewey Edition23

Publication Date2016-10-14

Lccn2016-008338

Edited byLeslie Shaw, A. G. Malliaris, Hersh Shefrin

Dewey Decimal330.9/0511

Lc Classification NumberHb3722.G5856 2016