Bourse

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"Since the 2008 financial crisis the neoclassical synthesis has increasingly been acknowledged as an unsatisfactory theory on which to base economic policy. Its failure to incorporate finance in its models being often identified as its most obvious weakness. While the stock mark…

"Since the 2008 financial crisis the neoclassical synthesis has increasingly been acknowledged as an unsatisfactory theory on which to base economic policy. Its failure to incorporate finance in its models being often identified as its most obvious weakness. While the stock mark…

This book argues that the neoclassial synthesis is insufficiently attentative to the impact of the stock market on the economy. Smithers proposes an alternative model, which takes into account the differing preferences of business managers and owners of capital.