EconPapers    
Economics at your fingertips  
 

The great crash of 2008 and the reform of economics

Geoffrey Hodgson ()

Chapter 28 in The Handbook of Globalisation, Third Edition, 2019, pp 439-456 from Edward Elgar Publishing

Abstract: The 2008 economic crash led to noted shifts of opinion among some world leaders. Does this crisis create favourable conditions for the reform and revitalisation of economics itself – from a subject dominated by mathematical techniques to a discipline more oriented to understanding real-world institutions and actors? And why were warnings of financial collapse not heeded? Recent shortcomings are partly related to the global triumph of market individualist ideology and partly to the exaggerated roles of modelling and quantification. These failures of economics are partly peculiar to the discipline and are also a result of other wider institutional and cultural forces.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781788118590/9781788118590.00041.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
Chapter: The Great Crash of 2008 and the Reform of Economics (2011) Downloads
Journal Article: The great crash of 2008 and the reform of economics (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18293_28

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2025-03-31
Handle: RePEc:elg:eechap:18293_28