What are the neoclassical perspectives on the causes and consequences of the global financial crisis of 2008-2009?

Much research shows that centrally planned economies perform less well than market economies; that fact is not in dispute. But few studies test whether the ... Apart from his research on asymmetric information, Akerlof has developed economic theory with insights from sociology and social anthropology. His most ... Jun 1, 2009 ... Critique, Health economics, Neoclassical economics, Theory. Subject Categories. Economics | Economic Theory | Health Economics. Publication ... ... (neoclassical) economics.Focusing on the centrality of information/communication to economic and ecological processes, Communication and the Transformation ... Informational Directory for Heterodox Economists ... Keynesian economics, institutional economics, economic history, and mainstream neoclassical economics. function employed in standard economics and neoclassical growth theory to a production function that displays increasing returns to scale. This solution has ... The awkward position of neoclassical economic theory in regard to the relation between economics ... research in economics. However, it seems there is little ... That is, market prices synthetize a huge amount of information dispersed throughout the economy and hence coordinates economic activity vastly beyond the narrow ... May 9, 2018 ... ... information sharing strategies of individual economic agents brings two scientific paradigms of economics, neoclassical economics and. Which brings us to the second point: neoclassicalism expects prices to change continually based on changes in demand, but the overwhelming empirical fact across ...