La théorie économique dans la crise
AbstractThe current crisis has shown how far macroeconomic theory is from the economic phenomena it is supposed to explain. I give some historical explanations for the development of this gap between theory and reality. Then I discuss the solidity of the foundations of the general equilibrium model and of the basic model in financial economics and the reasons for which these do not contain even the possibility of a crisis. I suggest several avenues towards an analysis which do take account of the occurrence of such episodes with simple examples. Once one considers, as I propose, the economy as a complex evolving system the nature of the problem of its analysis and of its regulation changes. Policy makers are aware of the need for such new approaches and it is up to economists to provide them. Classification JEL : E00, E6, B00, G00, D5
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 63 (2012)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-economique.htm
Find related papers by JEL classification:
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
- G00 - Financial Economics - - General - - - General
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.