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1、THEECONOMICCRISISANDTHESTATEOFECONOMICSThispageintentionallyleftblankTHEECONOMICCRISISANDTHESTATEOFECONOMICSEditedbyRobertSkidelskyandChristianWesterlindWigströmTHEECONOMICCRISISANDTHESTATEOFECONOMICSCopyright©RobertSkidelskyandChristianWesterlindWigström,2010.Allrightsreserved.Fir
2、stpublishedin2010byPALGRAVEMACMILLAN®intheUnitedStates—adivisionofSt.Martin’sPressLLC,175FifthAvenue,NewYork,NY10010.WherethisbookisdistributedintheUK,Europeandtherestoftheworld,thisisbyPalgraveMacmillan,adivisionofMacmillanPublishersLimited,registeredinEngland,companynumber785998,
3、ofHoundmills,Basingstoke,HampshireRG216XS.PalgraveMacmillanistheglobalacademicimprintoftheabovecompaniesandhascompaniesandrepresentativesthroughouttheworld.Palgrave®andMacmillan®areregisteredtrademarksintheUnitedStates,theUnitedKingdom,Europeandothercountries.ISBN:978–0–230–10254–5
4、LibraryofCongressCataloging-in-PublicationDataTheeconomiccrisisandthestateofeconomics/editedbyRobertSkidelskyandChristianWesterlindWigstrom.p.cm.Includesindex.ISBN978–0–230–10254–51.GlobalFinancialCrisis,2008–2009.2.Economichistory—21stcentury.3.Economics.4.Recessions.I.Skidelsky,R
5、obertJacobAlexander,1939–II.Wigstrom,ChristianWesterlind.HB37172008–2009.E362010330.9—dc222009040062AcataloguerecordofthebookisavailablefromtheBritishLibrary.DesignbyNewgenImagingSystems(P)Ltd.,Chennai,India.Firstedition:March201010987654321PrintedintheUnitedStatesofAmerica.Toecono
6、mists,whomaysomedayapplycommonsense.ThispageintentionallyleftblankCONTENTSPrefacebyRobertSkidelskyixAbouttheContributorsxiAbouttheDiscussantsxiiiIntroduction1RobertSkidelskyandChristianWesterlindWigströmPartIRiskandUncertaintyinEconomics1RiskandUncertainty13PaulDavidson2Lessonsfrom
7、StatisticalFinance31MarcPotters3AmbiguityandEconomicActivity:ImplicationsfortheCurrentCrisisinCreditMarkets43SujoyMukerjiPartIIMacro-EconomicsandtheCurrentCrisis4Macro-EconomicFailures53CharlesGoodhart5Hayek:AnotherPerspective61MeghnadDesai6GlobalizationandtheCurrentCrisis67Christo
8、pherBlissviiiCONTENTS7Glob
