Le origini culturali della crisi
AbstractAfter recalling the financial origin of the crisis and the persistent worldwide fragility of the financial sector, and after citing papers which before 2007 had pointed out the elements of systemic fragility of the US and world economy, the paper illustrates the cultural roots of the crisis, namely the economic views which favoured deregulation policies: the fallacy of the invisible hand of the market and a simplistic view of uncertainty, to which Keynesian uncertainty is opposed, with the consequent underevaluation of the risks of systemic instability.
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Bibliographic InfoArticle provided by Economia civile in its journal Moneta e Credito.
Volume (Year): 63 (2010)
Issue (Month): 250 ()
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Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G01 - Financial Economics - - General - - - Financial Crises
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- Marcella Corsi, 2013. "Note bibliografiche: Ramazzotti P., Frigato P. e Elsner W. (a cura di): Social Costs Today. Institutional Analyses of the Present," Moneta e Credito, Economia civile, vol. 66(261), pages 111-114.
- Giancarlo Bertocco, 2011. "Housing bubble and economic theory: is mainstream theory able to explain the crisis?," Economics and Quantitative Methods qf1116, Department of Economics, University of Insubria.
- Mario Sarcinelli, 2010. "Past and future regulation to prevent a systemic financial crisis," PSL Quarterly Review, Economia civile, vol. 63(253), pages 103-129.
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