The Crisis in economic theory: A review essay

Journal Article (Review;Journal)

The Great Recession and the financial crisis of 2007-09 prompted calls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recent books: the sociologist Richard Swedberg's The Art of Social Theory and the economist André Orléan's The Empire of Value: A New Foundation for Economics.

Full Text

Duke Authors

Cited Authors

  • Hoover, KD

Published Date

  • December 1, 2016

Published In

Volume / Issue

  • 54 / 4

Start / End Page

  • 1350 - 1361

International Standard Serial Number (ISSN)

  • 0022-0515

Digital Object Identifier (DOI)

  • 10.1257/jel.20151338

Citation Source

  • Scopus