Journal of Economic Literature Vol. 54 No. 4 2016
The Crisis in Economic Theory: A Review Essay
open access
Abstract
The 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.
- DOI
- 10.1257/jel.20151338
- Volume
- 54
- Issue
- 4
- Pages
- 1350-1361
- Language
- en
- Sources
- openalex crossref