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Book Cover
E-book
Author Falahati, Kazem

Title New Paradigms in Financial Economics : How Would Keynes Reconstruct Economics?
Published Hoboken : Taylor and Francis, 2012

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Description 1 online resource (225 pages)
Series Routledge International Studies in Money and Banking
Routledge international studies in money and banking.
Contents Preface -- Introduction -- Irrational foundations of "rational" behaviour in the standard paradigm -- Contradictions of the Marxian paradigm -- The new paradigm -- Resolution of theoretical and experimental puzzles -- Resolution of empirical puzzles in corporate finance -- Resolution of puzzles in macroeconomics -- Economic role of the state -- The recent global financial crisis -- Conclusion, policy and research recommendations -- Appendices: a critique of existing literature
Summary The recent global financial crisis has made the inadequacies of the scientific state of economics and finance glaringly obvious, as these disciplines gave the false reassurance that such a self-destructive phenomenon could not happen. A similar phenomenon arose in the 1930's, when the pitfalls of the dominant economic theories were sharply exposed. Since then, the same analytical framework, in its new versions, has revealed a huge number of other empirical and experimental failures. On the other hand, the founders of the currently dominant theories in economics and finance (i
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Finance.
Investments.
Finance -- Mathematical models.
Investments -- Mathematical models.
finance.
BUSINESS & ECONOMICS -- Economics -- Theory.
Science économique.
Finances.
Politique économique.
Politique financière.
Modèles mathématiques.
Finance
Finance -- Mathematical models
Investments
Investments -- Mathematical models
Form Electronic book
ISBN 9781136221545
1136221549
9780203097182
0203097181