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Record Nr. |
UNINA9910463147903321 |
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Autore |
Falahati Kazem |
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Titolo |
New paradigms in financial economics : how would Keynes reconstruct economics? / / Kazem Falahati |
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Pubbl/distr/stampa |
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Abingdon, Oxon : , : Routledge, , 2013 |
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ISBN |
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0-203-09718-1 |
1-283-86331-6 |
1-136-22154-9 |
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Descrizione fisica |
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1 online resource (225 p.) |
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Collana |
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Routledge international studies in money and banking ; ; 71 |
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Disciplina |
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Soggetti |
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Finance |
Investments |
Finance - Mathematical models |
Investments - Mathematical models |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Preface -- Introduction -- Irrational foundations of "rational" behaviour in the standard paradigm -- Contradictions of the Marxian paradigm -- The new paradigm -- Resolution of theoretical and experimental puzzles -- Resolution of empirical puzzles in corporate finance -- Resolution of puzzles in macroeconomics -- Economic role of the state -- The recent global financial crisis -- Conclusion, policy and research recommendations -- Appendices: a critique of existing literature. |
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Sommario/riassunto |
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The recent global financial crisis has made the inadequacies of the scientific state of economics and finance glaringly obvious, as these disciplines gave the false reassurance that such a self-destructive phenomenon could not happen. A similar phenomenon arose in the 1930's, when the pitfalls of the dominant economic theories were sharply exposed. Since then, the same analytical framework, in its new versions, has revealed a huge number of other empirical and experimental failures. On the other hand, the founders of the currently dominant theories in economics and finance (i. |
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