The Economic Crisis and the State of Economics

by Skidelsky, Robert; Westerlind Wigstrom, Christian

• ISBN13: 9780230102545
• ISBN10: 0230102549
• Format: Hardcover
• Copyright: 2010-02-15
• Publisher: Palgrave Macmillan

Summary

The Economic Crisis and the State of Economics brings together some of the world's top economists to look at how economics not only explains the current crisis but also how the crisis Is affecting today's economic thinking. With contributions from Paul Davidson, Marc Potters, Sujoy Mukerji, Charles Goodhart, Meghnad Desai, Christopher Bliss, Vijay Joshi, John Kay, Richard Bronk, and Edward Skidelsky. Book jacket.

Author Biography

Robert Skidelsky is Emeritus Professor of Political Economy at the University of Warwick. He is the winner of the Lionel Gelber Prize for International Relations.

Christian Westerlind Wigstrom is a graduate student of philsophy at Merton College, Oxford.

Table of Contents

Preface	p. ix
About the Contributors	p. xi
About the Discussants	p. xiii
Introduction	p. 1
Risk and Uncertainty in Economics
Risk and Uncertainty	p. 13
Lessons from Statistical Finance	p. 31
Ambiguity and Economic Activity: Implications for the Current Crisis in Credit Markets	p. 43
Macro-Economics and the Current Crisis
Macro-Economic Failures	p. 53
Hayek: Another Perspective	p. 61
Globalization and the Current Crisis	p. 67
Global Imbalances	p. 83
Models, Metaphors, and Morals
Knowledge in Economics	p. 91
Models and Metaphors	p. 101
Economics and Morals	p. 111
Index	p. 119
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