“Why did economists fail to predict the global financial crisis?”

Simple item page
dc.contributor.authorMekvabishvili (მექვაბიშვილი), Elguja (ელგუჯა)
dc.date.accessioned2022-06-06T08:28:29Z
dc.date.available2022-06-06T08:28:29Z
dc.date.issued2020
dc.description• Allais M. (1977). Theories of General Economic Equilibrium and Maximum Efficiency. In Equilibrium and Disequilibrium in Economic Theory Springer, Dordrecht. • Balarjishvili I. (2018). [Paradigmuli Krizisi da Institutsiuri Ekonomikis “Meinstrimuli Potentsiali”] The Paradigmatic Crisis and the “Mainstream” Potential of the Institutional Economics. In Georgian. • Bernanke B. (2004). The Great Moderation. Washington, DC. • Blanchard O. (2010) Macroeconomic. 5th edition. Prentice Hall. • Bogdanov A. (1989) Teqtologia. Vseobshaya organizatsionnaya nauka. Kniga 2. [Tektology: Universal Organization Science]. Moskva, “Ekonomika”. In Russian. • Balarjishvili I. (2018). Paradigmuli krizisi da instituciuri ekonomikis “meinstrimuli” potenciali. [The Paradigm Crisis and the “Mainstream Potential” of the Institutional Economy. Journ. “Globalization and Business”, N6.] in Georgian. • Caballero R. J. (2010). Macroeconomics after the Crisis: Time to Deal with the Pre�- tense-of-Knowledge Syndrome. Journal of Economic Perspectives, 24(4). • Cassidy J. (2010). Interview with Eugene Fama. The New Yorker, 13(01). • Cochrane J. (2014) Lucas and Sargent Revisited. 10 January https://www.econjobrumors. com/topic/lucas-and-sargent-revisited-cochrane#rest_1636036 • Colander D., Goldberg M., Haas A., Juselius K., Kirman A., Lux T., & Sloth B. (2009). The Financial Crisis and the Systemic Failure of the Economics Profession. Critical Review, 21(2-3). • Entov R. (2009) Nekоtorie problemi isledovania delovix ciklov. [Some Problems of Business Cycle Research]. Moskva, “Prospect». In Russian. • Ghosh J. (2007). A Worldly Philosopher for Our Times. How Rich Countries Got Rich and Why Poor Countries Stay Poor (book review). International Development Economics Associates. 23 February. http://www.networkideas.org/books/2007/07/ how-rich-countries-got-rich-and-why-poor-countries-stay-poor/ • Goldmith R. (1982) Financial Crisis, Theory, History and Policy. Cambridge University Press. • Green D. (2015). “Economics Rules”, Dani Rodrik’s love letter to his discipline (Re�- view of Dani Rodrik’s Book) <https://oxfamblogs.org/fp2p/economics-rules-danirodriks- love-letter-to-his-discipline/>. • Gregoriev L. (2013). Mirovaya ekonomika v nachale XXI veka. [“World Economy Early in XXI Century”], edited by Leonid Grigoriev. M. Direct Media. In Russian. • Grinberg R., Rubinstein A. (2010). Teoria inovatsii i konturi budushei ekonomiki v dialoge s Kennetom Erou [Theory, Innovations, and Features of New Economy in the Dialogue with K. Arrow].Voprosi ekonomiki, N10. In Russian. • Kindleberger C. P. (1991). Bubbles. In the World of Economics. Palgrave Macmillan, London. • Kolodko G. (2010). Neoliberalizm i mirivoi ekonomicheskii krizis. [Neoliberalism and World Economic Crisis.] Voprosi ekonomiki, N3. In Russian. • Kondratiev N. (2002) Bolshie tsikli koniuqturi i teoria predvidenia [The Major Cycles of the Conjuncture and Theory of Forecasting]. Moskva. Ekonomika. In Russian. • Krugman P. (2009). How did Economists Get it so Wrong?. New York Times, 2(9), 2009. • Leiashvili P. (2002) Ekonomikuri Teoria da Praqtika Gardamaval Etapze [Economis Theory and Practice on Transition Phaze]. Tbilisi, “Azri”. In Georgian. • Lucas Jr. R. E. (2003). Macroeconomic Priorities. American Economic Review, 93(1), • Lucas R., Lucas Jr, G. R. (2009). In Defence of the Dismal Science. • Lucas R. E. (1983). Studies in Business-Cycle Theory. MIT Press. • Mankiw, N. G. (2007). Principles of Economics, 2007. Mason, Thomson Higher Education– Thomson Soth-West. • Mekvabishvili E., (2018) Ekonomikuri Krizisebis Teoria tu Ekonomikuri Teoriis Krizisi? [The Theory of Economic Crisises and Economic Crisis?]. Journ. “Globaliza�- tion and Business”, vol 6. In Georgian. • Mekvabishvili E. (2012) Tanamedrove Makroekonomikuri Teoriebi [The Modern Macroeconomic Theories]. Tbilisi, “Inovatsia”. In Georgian. • Minsky H. (1993). “Finance and Stability: The Limits of Capitalism”, Hyman P. Minsky Archive. 43. • Morgenstern O., Von Neumann J. (1953). Theory of Games and Economic Behavior. Princeton University Press. • Naidu S., Zucman G., Rodrik D., Robin, C., Cass, O., Easterly, W. R., ... & Orr, C. (2019). Economics after Neoliberalism. MIT Press. • Papava V. (2018).[Ekonomikuri Metsnierebis Krizisi da Axali Paradigmis Dziebisatvis [The Crisis of Economics and for Search of the new Paradigm]. Journ. “Globalization and Business”. Vol. 6 • Rodrik D. (2015). Economics Rules: The Rights and Wrongs of the Dismal Science. WW Norton & Company. • Sargent T. (2010). Interview with Thomas Sargent. Federal Reserve Bank of Minneapolis,[ www. minneapolisfed. org/publications_papers/pub_display. cfm. https:// digitalcommons.bard.edu/hm_archive/43 • Schumpeter J. (1954). History of Economic Analysis. London: George Allen and Unwin. • Sen A. (2009). Capitalism beyond the Crisis. New York review of books. • Shiller R. (2015). What Good Are Economists?. Project Syndicate, 1, 15. • Skidelsky R., (2016) “Uchonnie Idioti” Pochemu uchonnie ne panemayut chto proiskhodit c mirovoi ekonomikoi [“Scients are Idiots” why scientists don’t understand what is going on world economic]. In Russian. • Stiglitz J. E. (2006) John Kenneth Galbraith Understood Capitalism as Lived – not as Theorized https://www.csmonitor.com/2006/1228/p09s02-coop.html • Thaler R. H., Ganser, L. J. (2015). Misbehaving: The Making of Behavioral Economics. New York: WW Norton. • Von Neumann J., Morgenstern O., Rubinstein A. (1944). Theory of Games and Economic Behavior (60th Anniversary Commemorative Edition). Princeton; Oxford: Princeton University Press. doi:10.2307/j.ctt1r2gkxen_US
dc.description.abstractThe article sets out a critical analysis of the different views of economists about financial and economic crises, especially on their forecasting problem. There is a well-founded assumption that the gaps in the research of economic crisis are largely due to the methodological weakness of the prevailing mainstream economic theory. Moreover, the global financial crisis was a direct expression of the crisis of neoclassical economic theory. This article offers a new approach to crisis research based on fundamental principles of economic dynamics and contains the views of I. Schumpeter and N. Kondratiev.en_US
dc.identifier.citationEconomics and Business, №3, 2020, pp. 33-48en_US
dc.identifier.issn1987-5789
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/1585
dc.language.isoenen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectGlobal financial and economic crisis, economic crisis forecasting, mainstream economic theories, economic dynamics, economic statics, methodologizmsen_US
dc.title“Why did economists fail to predict the global financial crisis?”en_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
“Why did Economists Fail to Predict the Global Financial Crisis”.pdf
Size:
234.33 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Article