Individual and Collective Rationality
Series: The Graz Schumpeter Lectures
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The direct...
Published January 16th 2011 by Routledge