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Le origini culturali della crisi

Author

Listed:
  • Alessandro Roncaglia

    () (Sapienza Universita' di Roma)

Abstract

After 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.

Suggested Citation

  • Alessandro Roncaglia, 2010. "Le origini culturali della crisi," Moneta e Credito, Economia civile, vol. 63(250), pages 107-118.
  • Handle: RePEc:psl:moneta:2010:10
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9520/9415
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    Citations

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    Cited by:

    1. 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.
    2. Ferlito, Carmelo, 2015. "At the Root of Economic Fluctuations: Expectations, Preferences and Innovation. Theoretical Framework and Empirical Evidences," MPRA Paper 67708, University Library of Munich, Germany.
    3. Stefano Lucarelli & Daniela Palma & Roberto Romano, 2013. "Quando gli investimenti rappresentano un vincolo. Contributo alla discussione sulla crisi italiana nella crisi internazionale," Moneta e Credito, Economia civile, vol. 66(262), pages 167-203.
    4. 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.
    5. Mario Sarcinelli, 2010. "Past and future regulation to prevent a systemic financial crisis," PSL Quarterly Review, Economia civile, vol. 63(253), pages 103-129.
    6. Nicholas J. Theocarakis, 2014. "A commentary on Alessandro Roncaglia's paper: 'Should the History of Economic Thought be Included in Undergraduate Curricula?'," Economic Thought, World Economics Association, vol. 3(1), pages 1-10, March.

    More about this item

    Keywords

    Cultura economica; Crisi finanziaria; Regole;

    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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