Is Economics Adequate To Explain The Reality? Some Reflections in The Face of The 2008–2009 Global Crises Cover Image

Czy ekonomia radzi sobie z wyjaśnianiem i opisywaniem rzeczywistości? Refleksje o stanie teorii ekonomii w obliczu globalnego kryzysu gospodarczego l
Is Economics Adequate To Explain The Reality? Some Reflections in The Face of The 2008–2009 Global Crises

Author(s): Łukasz Hardt
Subject(s): Economy
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: economic theory; economic crisis; methodology of economics; history of economics

Summary/Abstract: The article is an attempt to present some observations in the current debate on the state of economics in the face of the global crisis. First, we try to reconstruct recent developments in economics using some basic linguistic tools. Second, we present the current public debate on the state of economics, especially macroeconomics, and we underline some methodological issues concerning the ability of economics to describe and explain the contemporary global crisis. Finally, we conclude with the statement that the current economic crisis may contribute to the growing plurality and pluralism of mainstream economics.

  • Issue Year: 2009
  • Issue No: 3-4
  • Page Range: 163-176
  • Page Count: 14
  • Language: Polish