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Reflections on the Great Recession of 2008-2009

Author

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  • Georges de Menil

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

As economists and policy makes ponder the lessons of the last two turbulent years, many troubling questions remain. What went wrong? Why did policy makers fail so abysmally to take preventative action? Why were economists so completely taken by surprise?

Suggested Citation

  • Georges de Menil, 2010. "Reflections on the Great Recession of 2008-2009," PSE Working Papers halshs-00967344, HAL.
    • Handle: RePEc:hal:psewpa:halshs-00967344
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00967344
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    Keywords

    Great Recession;

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