The Crisis in Economic Theory: A Review Essay
- (pp. 1350-61)
AbstractThe Great Recession and the financial crisis of 2007-09 prompted calls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recent books: the sociologist Richard Swedberg's The Art of Social Theory and the economist André Orléan's The Empire of Value: A New Foundation for Economics.
CitationHoover, Kevin D. 2016. "The Crisis in Economic Theory: A Review Essay." Journal of Economic Literature, 54 (4): 1350-61. DOI: 10.1257/jel.20151338
- A11 Role of Economics; Role of Economists; Market for Economists
- B40 Economic Methodology: General
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification