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The economical and financial crisis and the crisis of economic theory

Author

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  • Gianluigi Mengarelli

    (Università Ca’ Foscari, Venezia)

Abstract

Very few economic theories are always valid. They have to be adapted with pragmatism to the evolving situation of production systems, in order to properly understand cyclical fluctuations and identify the more effective policy instruments

Suggested Citation

  • Gianluigi Mengarelli, 2012. "The economical and financial crisis and the crisis of economic theory," BANCARIA, Bancaria Editrice, vol. 10, pages 66-73, October.
    • Handle: RePEc:ban:bancar:v:10:y:2012:m:october:p:66-73
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    File URL: http://www.bancaria.it/en/the-economical-and-financial-crisis-and-the-crisis-of-economic-theory
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    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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