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The end of theory : financial crises, the failure of economics, and the sweep of human interaction / Richard Bookstaber
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The end of theory : financial crises, the failure of economics, and the sweep of human interaction / Richard Bookstaber

by Richard M. Bookstaber

This book examines why standard economic models fail to prevent financial crises, arguing instead for a new agent-based economic approach that accounts for human complexity, radical uncertainty, and unpredictable market behaviours.

Accession 15916 ISBN 9780691169019 Publisher Princeton University Press
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TAGS
Curated Derived
Complexity Culture Economics Failure Finance History Philosophy Psychology Social Sciences Uncertainty
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on_shelf
True
position_updated_at
2026-06-01 16:45
orientation
vertical
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Physical

binding_type
Hard Back
dimensions
none captured
spine_text
none captured

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LOCATION HISTORY
M:N3:33 5 Current vertical
1 week, 3 days ago
Book Location
Updated 5 days, 6 hours ago
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Identity

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The end of theory : financial crises, the failure of economics, and the sweep of human interaction / Richard Bookstaber
vernon_id
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accession_no→ accession_number
15916
vernon_slug
the-end-of-theory-financial-crises-the-failure-of-economics-and-the-sweep-of-human-interaction-richard-bookstaber

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location_reason
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isbn_issn→ isbn (when valid)
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Descriptive

production_date
2017
object_type
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object_status
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brief_description
Our economy may have recovered from the Great Recession--but not our economics. In The End of Theory, Richard Bookstaber, one of the world's leading risk managers, discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behind it--useless for dealing with financial crises. Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. -- Publisher.

Subjects & people

authors→ author (initial fill only)
Richard M. Bookstaber
tags→ tags
Social psychology, Psychology, Philosophy, Social sciences, Civilisation, Economics, Finance, Economic history, Financial crises, Crises, Change, Ontology, Human behaviour, Consumer behaviour, Social interaction, Business failures
subject_people
subject_objects

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