The Global Financial Crisis and Its Aftermath - Hidden Factors in the Meltdown (Hardcover)

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.

General

Imprint:	Oxford UniversityPress
Country of origin:	United States
Release date:	September 2016
Editors:	A. G Malliaris (Walter F. Mullady Sr. Chair in Business Administration and Professor of Economics and Finance) • Leslie Shaw • Hersh Shefrin (Mario L. Belotti Chair in Finance)
Dimensions:	238 x 164 x 29mm (L x W x T)
Format:	Hardcover
Pages:	520
ISBN-13:	978-0-19-938622-2
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Financial crises & disasters Books > Humanities > History > History of specific subjects > Economic history Books > History > History of specific subjects > Economic history
LSN:	0-19-938622-6
Barcode:	9780199386222

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