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The Crisis in economic theory: A review essay

Publication ,  Journal Article
Hoover, KD
Published in: Journal of Economic Literature
December 1, 2016

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.

Duke Scholars

Published In

Journal of Economic Literature

DOI

ISSN

0022-0515

Publication Date

December 1, 2016

Volume

54

Issue

4

Start / End Page

1350 / 1361

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics
 

Citation

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ICMJE
MLA
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Hoover, K. D. (2016). The Crisis in economic theory: A review essay. Journal of Economic Literature, 54(4), 1350–1361. https://doi.org/10.1257/jel.20151338
Hoover, K. D. “The Crisis in economic theory: A review essay.” Journal of Economic Literature 54, no. 4 (December 1, 2016): 1350–61. https://doi.org/10.1257/jel.20151338.
Hoover KD. The Crisis in economic theory: A review essay. Journal of Economic Literature. 2016 Dec 1;54(4):1350–61.
Hoover, K. D. “The Crisis in economic theory: A review essay.” Journal of Economic Literature, vol. 54, no. 4, Dec. 2016, pp. 1350–61. Scopus, doi:10.1257/jel.20151338.
Hoover KD. The Crisis in economic theory: A review essay. Journal of Economic Literature. 2016 Dec 1;54(4):1350–1361.

Published In

Journal of Economic Literature

DOI

ISSN

0022-0515

Publication Date

December 1, 2016

Volume

54

Issue

4

Start / End Page

1350 / 1361

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics