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The Role of the History of Economic Thought in the Development of Economic Theory and Policy

In: The First Great Recession of the 21st Century

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  • Steven Kates

Abstract

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices.

Suggested Citation

  • Steven Kates, 2011. "The Role of the History of Economic Thought in the Development of Economic Theory and Policy," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14193_10
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    1. Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), 2011. "The First Great Recession of the 21st Century," Books, Edward Elgar Publishing, number 14193.
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