The contemporary economic crisis is an extraordinary opportunity to test the relevance of economic theory. The first lesson to be learnt from this crisis is that economic theories are not abstract constructions, extraneous to the real world, but they produce significant consequences for the welfare of a society. In other words, economic theories can cause crises. Giancarlo Bertocco explains.
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July 29, 2016
Economics needs to get rid of its “dismal science” status, to really become a relevant scientific approach to understand and eventually solve the major socio-economic as well as geo-political issues of the contemporary world. Louis-Philippe Rochon and Sergio Rossi take a look at the way ahead. […]