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2017 | OriginalPaper | Chapter

1. A Failure of Imagination

Author : Ricardo A. Halperin

Published in: The Influence of Uncertainty in a Changing Financial Environment

Publisher: Springer International Publishing

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Abstract

This chapter provides an overview of the topics covered by the book: the Great Recession of 2007–8 and the factors that led to it, in particular the role played by a changing financial sector, the influence of uncertainty on financial sector developments, the failure of economic models to take into account financial developments adequately and, finally, the implications of the book’s findings for the future. It also explains the rationale for the book’s methodological approach.

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