| Publications [#321958] of Kevin D. Hoover
Journal Articles
- Hoover, KD, The Crisis in economic theory: A review essay,
Journal of Economic Literature, vol. 54 no. 4
(December, 2016),
pp. 1350-1361, American Economic Association [doi]
(last updated on 2024/04/18)
Abstract: The Great Recession and the financial crisis of 2007-09 prompted calls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recent books: the sociologist Richard Swedberg's The Art of Social Theory and the economist André Orléan's The Empire of Value: A New Foundation for Economics.
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