HUBRIS - Why Economists Failed to Predict the Crisis and How to Avoid the Next One-Meghnad Desai

Abstract

Capitalism has always been a fascinating subject. Its achievements and problems are huge and social scientists, especially economists, have made efforts to understand and explain the expanding capitalist process of economic development over the years. Interest as well as concern has grown after the global financial meltdown of 2007-2009 which later expanded into the Great Recession out of which countries are even now emerging slowly and unevenly.