Hubris

Hubris

Why Economists Failed to Predict the Crisis and How to Avoid the Next One

Paperback - 2015
Average Rating:
Rate this:
1
The failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under fire, but questions concerning exactly how to redeem the discipline remain unanswered. In this provocative book, renowned economist Meghnad Desai investigates the evolution of economics and maps its trajectory against the occurrence of major political events to provide a definitive answer. Desai underscores the contribution of hubris to economists' calamitous lack of foresight, and he makes a persuasive case for the profession to re-engage with the history of economic thought. He dismisses the notion that one over-arching paradigm can resolve all economic eventualities while urging that an array of already-available theories and approaches be considered anew for the insights they may provide toward preventing future economic catastrophes. With an accessible style and keen common sense, Desai offers a fresh perspective on some of the most important economic issues of our time.
Publisher: New Haven [Connecticut] : London : Yale University Press [2015]
Copyright Date: ©2015
ISBN: 9780300213546
9780300219494
Characteristics: xii, 287 pages : illustrations ; 23 cm

Opinion

From the critics


Community Activity

Comment

Add a Comment

2
21288004246712
May 12, 2017

detailed review of the evolution of various economic theories over the past two centuries

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Browse by Call Number

Subject Headings

  Loading...

Find it at CPL

  Loading...
[]
[]
To Top