Why the Economists Got It Wrong: The Crisis and Its Cultural Roots

Description

'Why the Economists Got It Wrong' illustrates the origins and development of the financial crisis, tracing its cultural origins in mainstream views which favoured financial liberalization policies. These views are contrasted with those of Keynes and Keynesian economists such as Minsky, pointing to an interpretation of economic events where uncertainty plays a central role and economic policy is aimed at building institutional and regulatory structures in order to counter financial fragility.

Alessandro Roncaglia is a professor of economics at the University of Rome La Sapienza and a member of the Accademia Nazionale dei Lincei in Rome, Italy.