Routledge New Paradigms in Financial Economics - Book 71

Explore a deep analysis of modern economic theory in New Paradigms in Financial Economics. This volume from the Routledge International Studies in Money and Banking series addresses the significant gaps in current economic and financial disciplines. Following the global financial crisis, the inadequacies of existing scientific frameworks became apparent, providing a false sense of security regarding self-destructive market phenomena. This book examines how the analytical frameworks used since the 1930s have faced repeated empirical and experimental failures. By looking at the shortcomings of dominant theories, the text provides a foundation for understanding how a reconstruction of economics might look through a Keynesian lens. It is an essential resource for those studying the history of economic thought and the evolution of financial policy. Readers will gain perspective on why standard models failed to predict major crises and what new approaches are necessary to build a more stable economic understanding.