Nonlinear Dynamics of Financial Crises
Purica, Ionut (National Institute for Economic Forecasting, Romanian Academy, Bucharest, Romania)
When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revo...