Hubris : why economists failed to predict the crisis and how to avoid the next one / Meghnad Desai.
Description: xii, 287 pages : illustrations ; 23 cmISBN: 9780300213546; 0300213549Subject(s): Economic forecasting | Financial crises | Economic history | Economics -- PhilosophyDDC classification: 330.0112 LOC classification: HB3730. | D367 2015Online resources: Contributor biographical information | Publisher descriptionItem type | Current library | Class number | Status | Date due | Barcode | Item reservations |
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Book-Circulating | Fischer Hall Library Main shelves | HB3730. D367 2015 (Browse shelf(Opens below)) | Available | B001958 |
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HB3722. S67 Crisis of Global Capitalism, The open society endangered | HB3722. S673 The New paradigm for financial markets: | HB3722. W63 2014 The shifts and the shocks : | HB3730. D367 2015 Hubris : | HB3782. O44 2015 Europe entrapped / | HB501. A457 2017 After Piketty : | HB501. B614 Vulture capitalism : corporate crimes, backdoor bailouts and the death of freedom / |
Includes bibliographical references (pages 269-272) and index.
Unraveling the threads -- The building blocks -- Cycles for the curious -- New tools for a new profession -- Causing a stir -- Declining fortunes -- The new globalization -- The search for an answer.
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.