Journal Articles

1. 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 2024/04/24)

   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.