Nonlinear dynamics of financial crises : how to predict discontinuous decisions /
When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economi...
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| Format: | eBook |
| Language: | English |
| Language Notes: | English. |
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London :
Academic Press, an imprint of Elsevier,
[2015]
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| Series: | Who's who series.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good. |
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| Physical Description: | 1 online resource : illustrations |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 9780128032763 0128032766 |