The Global Financial Crisis and Its Aftermath
Hidden Factors in the Meltdown
Edited by A.G. Malliaris, Leslie Shaw, and Hersh Shefrin
Table of Contents
I. INTRODUCTION
1. The Global Financial Crisis of 2007-09: An Overview of Neglected Ideas from Economics, Psychology, and Values
A.G. Malliaris, Leslie Shaw, and Hersh Shefrin
II. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND ECONOMICS
2. From Asset Price Bubbles to Liquidity Traps
A.G. Malliaris
3. A Minsky Meltdown: Lessons for Central Bankers
Janet Yellen
4. Modeling Financial Instability
Steve Keen
5. Assessing the Contribution of Hyman Minsky's Perspective to Our Understanding of Economic Instability
Hersh Shefrin
6. The Great Recession of 2008-09 and Its Impact on Unemployment
John Silvia
7. Mathematical Definition, Mapping, and Detection of (Anti)Fragility
Nassim Taleb and Rafael Douady
III. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND PSYCHOLOGY
8. The Varieties of Incentive Experience
Robert Kolb
9. Goals and the Organization of Choice Under Risk in Both the Long Run and the Short Run
Lola Lopes
10. Topology of Greed and Fear
Graciela Chichilnisky
11. A Sustainable Understanding of Instability in Minds and in Markets
Leslie Shaw
12. Existence of Monopoly in the Stock Market: A Model of Information-Based Manipulation
Viktoria Dalko, Lawrence R. Klein, S. Prakash Sethi, and Michael Wang
13. Crisis of Authority
Werner DeBondt
14. Social Structure, Power, and Financial Fraud
Brooke Harrington
IV. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND VALUES
15. Economics, Self Psychology, and Ethics: Why Modern Economic Persons Cheat and How Self Psychology Can Provide the Basis for a Trustworthy Economic World
John Riker
16. Finance Professionals in the Market for Status
Meir Statman
17. Why Risk Management Failed: Ethical and Behavioral Explanations
John Boatright
18. The Global Financial Crisis and Social Justice: The Crisis Seen Through the Lens of Catholic Social Doctrine
Paul Fitzgerald, S.J.
19. The Moral Benefits of Financial Crises: A Virtue Ethics Perspective
John Dobson
20. Three Ethical Dimensions of the Financial Crisis
Antonio Argandonan
V. EPILOGUE
21. Lessons for Future Financial Stability
A.G. Malliaris, Leslie Shaw, and Hersh Shefrin