2008 Krizi ve Makroiktisatta Bazı Sorgulamalar: Evrimci Makro İktisada Doğru mu?

Ercan Eren
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Ercan Eren: Yıldız Teknik Üniversitesi İktisadi İdari Bilimler Fakültesi, İktisat Bölümü

Yildiz Social Science Review, 2016, vol. 2, issue 1, 1-20

Abstract: In the periods of economic crisis, search for new paradigms and methodological reconsiderations intensify in the mainstream economics. In this study, the insuciency of the equilibrium concept in economics is examined. Recently, one of the most important debates in economics is the failure of prediction of the Global Recession of 2008. It is argued that the models that are based on the out-ofequilibrium concept with an evolutionary perspective could have exhibited a much better predictive performance than the current ones, those based on the concept of equilibrium. In this study, after having searched for the origins of the equilibrium concept in the history of economic thought, the endogeneity of money and nancial crises literatures are going to be presented. It will also be interesting to point out the negative nominal interest rate concept. Finally, recent developments in the economic methodology, in parallel to the developments in the computer science will be examined.

Keywords: Equilibrium; Evolution; Economic Thought; Simulation.Journal: Yildiz Social Science Review (search for similar items in EconPapers)
JEL-codes: F00 F30 G00 G10 K00 K20 M00 M20 O10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aye:journl:v:2:y:2016:i:1:p:1-20

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