This book explores how successful the various tenets of economic thought have been in prognosticating or remedying economic crises. Examining key episodes in economic history, from famines in antiquity to present-day financial collapse, the author finds that several theories failed to cope with a crisis and lost their academic impact. The author also presents cases in which major theoretical innovations were achieved after the experience of a crisis as well as cases where a completely new theory was needed to explain and face the events. This book will appeal to researchers and scholars interested in understanding how theoretical developments in economics are affected by real-world economic crises.



Hardcover: 222 pages
Publisher: Springer; 2015 edition (April 14, 2015)
Language: English
ISBN-10: 3319168703
ISBN-13: 978-3319168708
Product Dimensions: 9.2 x 6.1 x 0.6 inches
Shipping Weight: 12 ounces
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