Abstract
The Business Failure Record yearbook shows that about two-thirds of all new American business firms last less than 5 years. And economic historians know that, ever since the Dutch Tulip Bubble of 1637, the economies of all the capitalist nations have failed spectacularly every so often, sometimes dragging down other nations, as happened notably in 1929,1987, and 2008.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Aumann, Robert J. 1964. Markets with a continuum of traders. Econometrica 32: 39–50.
Bouchaud, Jean-Philippe. 2008. Economics needs a scientific revolution. Nature 455: 1181.
Bunge, Mario. 1998. Social science under debate. Toronto: University of Toronto Press.
Bunge, Mario. 2004. Emergence and convergence. Toronto: University of Toronto Press.
Bunge, Mario. 2009. Political philosophy. New Brunswick: Transaction.
Debreu, Gerar. 1959. Theory of value: An axiomatic analysis of economic equilibrium. New Haven: Yale University Press.
Debreu, Gerard. 1975. Four aspects of the mathematical theory of economic equilibrium. In: Proceedings of the international congress of mathematicians, vol. I, 65–77. Ottawa: Canadian Mathematical Congress.
Friedman, Milton. 1991. Old wine in new bottles. The Economic Journal 101: 33–40.
Gintis, Herbert, Samuel Bowles, Robert Boyd, and Ernst Fehr (eds.). 2005. Moral sentiments and material interests: The foundations of cooperation in economic life. Cambridge, MA: MIT Press.
Griffith-Jones, Stephany, José A. Ocampo and Joseph E. Stiglitz, compils. 2010. Time for a visible hand. New York: Oxford University Press
Keen, Steve. 2001. Debunking economics: The naked emperor of the social sciences. London/New York: Zed Books.
Minsky, Hyman. 1986. Stabilizing an unstable economy. New York: McGraw-Hill.
Mirowski, Philip. 2011. Science-mart: Privatizing American science. Cambridge, MA: Harvard University Press.
Morgenstern, Oskar. 1963. On the accuracy of economic observations, 2nd ed. Princeton: Princeton University Press.
Samuelson, Paul A. 1965. Foundations of economic analysis. Cambridge, MA: Harvard University Press.
Smelser, Neil J., and Richard Swedberg (eds.). 1994. Handbook of economic sociology. New York/Princeton: Russell Sage Foundation/Princeton University Press.
Soros, George. 2003. The alchemy of finance. New York: Wiley.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Bunge, M. (2012). Can Standard Economic Theory Account for Crises?. In: Evaluating Philosophies. Boston Studies in the Philosophy and History of Science, vol 295. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-4408-0_8
Download citation
DOI: https://doi.org/10.1007/978-94-007-4408-0_8
Published:
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-007-4407-3
Online ISBN: 978-94-007-4408-0
eBook Packages: Humanities, Social Sciences and LawPhilosophy and Religion (R0)