Hubris [electronic resource] : why economists failed to predict the crisis and how to avoid the next one / Meghnad Desai.
Desai, Meghnad, author.
2015
HB3730 .D473 2015eb
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Title Hubris [electronic resource] : why economists failed to predict the crisis and how to avoid the next one / Meghnad Desai.
Author Desai, Meghnad, author.
ISBN 9780300216073 electronic book
9780300213546
Published New Haven, [Connecticut] : Yale University Press, [2015]
Copyright ©2015
Language English
Description 1 online resource ( xii, 287 pages) : illustrations.
Call Number HB3730 .D473 2015eb
Dewey Decimal Classification 338.542
Summary 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.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
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