Economics, Econometrics and Finance
4 years ago

Neoclassical Economics Fails to Address Real Financial Phenomena: What's Next?

World Scientific Books
Theory and Reality in Financial Economics:Essays Toward a New Political Finance
George M. Frankfurter

Paper Summary

The current financial economics literature is mostly based on neoclassical ideas, which focus on being value-neutral. However, these ideas have not been successful in explaining real financial situations.

Related papers

Economics, Econometrics and Finance
8 years ago

Neoclassical Economics Fails: New Book Reveals Need for Financial Reform.

Economic Institutions
1 view
Economics, Econometrics and Finance
4 years ago

Real World Economics Movement Calls for Pluralism in Teaching Economics

Macroeconomic Trends
Economic Institutions
Theme background image
Social Sciences
8 years ago

Neo-classical theory challenged as economic reality proves more complex than imagined.

Russian Transformation
Economic Institutions
Political Transition