The Global Financial Crisis and Its Aftermath: Hidden Factors in the Meltdown, 1st Edition eBook

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In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses—economic, psychological, and social values. Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and financial crises. So, they search more extensively within the broader discipline of economics for ideas related to crises but neglected perhaps because they were not mathematically rigorous. They affirm that the complexity of financial crises necessitates complementary research. Thus, to put the focal purpose of this book differently, they explore the Global Financial Crisis from three interconnected frameworks: the standards of orthodox economic analysis, Minskyan economics, and the role of ideas and values in economics. Values are the subject of both philosophy and psychology and can contribute to a better understanding of the Global Financial Crisis. Values, in general, have been relatively neglected by economists. This is not because there is doubt about their significance, but rather because welfare economics and collective choice still operate within the neoclassical paradigm. This volume argues that analyzing the value implications requires moving from the neoclassical framework to something that is broader and multidisciplinary.

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The Global Financial Crisis and Its Aftermath: Hidden Factors in the Meltdown 1st Edition is written by A.G. Malliaris; Leslie Shaw; Hersh Shefrin and published by Oxford University Press. The Digital and eTextbook ISBNs for The Global Financial Crisis and Its Aftermath are 9780190491277, 0190491272 and the print ISBNs are 9780199386222, 0199386226. Additional ISBNs for this eTextbook include 9780199386246.