Why the Economists Got It Wrong

Illustrates the development of the financial crisis and traces its cultural origins in mainstream economics.

‘Why the Economists Got It Wrong’ illustrates the origins and development of the financial crisis, tracing its cultural origins in mainstream views which favoured financial liberalization policies. These views are contrasted with those of Keynes and Keynesian economists such as Minsky, pointing to an interpretation of economic events where uncertainty plays a central role and economic policy is aimed at building institutional and regulatory structures in order to counter financial fragility.