The Financial Crisis and the Systemic Failure of Academic Economics
By D. Colander, Hans Föllmer, A. Haas, Michael D. Goldberg, K. Juselius, Alan Kirman, Thomas Lux, B. Sloth. 2009
328 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/304b5f121797f6d8b19cb2d9f11f65b70194f520
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Andrea Roventini
- Giovanni Dosi
- Tony Lawson
- Alex Coad
- Giorgio Fagiolo
- Francesco Lamperti
- Mauro Napoletano
- David Dequech
In Finance
Citations in the corpus
- Fair value accounting, financial economics and the transformation of reliability (2010, unknown): “Colander et al. (2009) argue that the economics profession has ‘failed’ and that this failure has deep methodological roots in highly stylised macro-economic models developed in periods of low volatility: ‘Market participants will ignore the influence of their own behaviour on the stability of the s”
- The Current Economic Crisis: Its Nature and the Course of Academic Economics (2009, background): “The paper in question is by David Colander, Hans Föllmer, Armin Hass, Michael Goldberg, Katerina Juselius, Alan Kirman, Thomus Lux and Brigitte Sloth (2008), and is aptly titled The Financial Crisis and the Systemic Failure of Academic Economics.”
- Core–Periphery Structure in the Overnight Money Market: Evidence from the e-MID Trading Platform (2015, unknown): “6See Colander et al. (2009) for a more general critique.”
- More is different ... and complex! the case for agent-based macroeconomics (2019, background): “At the same time, an increasing number of economists have claimed that the 2008 “economic crisis is a crisis for economic theory” (Kirman, 2010b, 2016; Colander et al., 2009; Krugman, 2009, 2011; Farmer and Foley, 2009; Caballero, 2010; Stiglitz, 2011, 2015, 2017; Kay, 2011; Dosi, 2012b; Romer,…”
- Macroeconomic Policy in DSGE and Agent-Based Models (2012, unknown): “Indeed, an increasing number of leading economists claim that the current “economic crisis is a crisis for economic theory” (Kirman, 2010; Colander et al., 2009; Krugman, 2009, 2011; Caballero, 2010; Stiglitz, 2011; Kay, 2011; Dosi, 2011; Delong, 2011).”