Why innovation in economics should build on success: the case of the financial crisis (notice n° 1105180)
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| fixed length control field | 01685cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250413012228.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Galbraith, James K. |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Why innovation in economics should build on success: the case of the financial crisis |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2010.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 89 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Senior practitioners of modern economics commonly claim that “nobody could have foreseen” the great financial crisis that began in August, 2007. In fact many economists did foresee it. But their analysis and warnings were ignored. This essay describes five distinct analytical traditions, the followers of each of which contributed emphatic warnings. They are the Marxian tradition, Dean Baker’s chartalist empiricism, Wynne Godley’s balance-sheet Keynesianism, Hyman Minsky’s analysis of financial instability, and John Kenneth Galbraith’s inspection of corporate governance, including the new white collar criminology. None of these traditions are taught in mainstream economics programs. None are represented on the pages of the so-called mainstream journals. This is a grave situation, which can be remedied only by structural reform, disciplinary decentralization, and resource reallocation in higher education.JEL codes: A23, B2, B31, B41 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | economic method |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Galbraith |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | higher education |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | mainstream economics |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Galbraith, James K. |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Journal of Innovation Economics & Management | 5 | 1 | 2010-05-31 | p. 167-178 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-journal-of-innovation-economics-2010-1-page-167?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-journal-of-innovation-economics-2010-1-page-167?lang=en&redirect-ssocas=7080</a> |
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