This book answers the question: can anything be done to prevent a new financial crisis or minimize its impact? It analyses the main elements responsible for the... Læs mere
This book maintains that economics is a social science whose mission is to explain and, when possible, predict, phenomena of the real-world economy. This is essential reading for anyone who wants to see economics return to its origins as a social science.
This book answers the question: can anything be done to prevent a new financial crisis or minimize its impact? It analyses the main elements responsible for the... Læs mere
After the Great Financial Crisis economic theory was criticized for being incapable of explaining such a crisis. New strands of economic thought are developing, to replace the neoclassical economic theory, which this book explores.
The starting point of this book is that economics is an applied science: a tool to understand the real-world economy and a guide for economic policy. The book argues that the point of departure for economic theory should be the real world with realistic assumptions being made.
After the Great Financial Crisis economic theory was criticized for being incapable of explaining such a crisis. New strands of economic thought are developing, to replace the neoclassical economic theory, which this book explores.