The most recent crisis, however, has
allowed critics to gain a hearing; new ideas—either more scientific, in that
they are based on empirical data, or on the contrary, arguing that economics
and finance should be placed back in the realm of the social sciences—are
beginning to be discussed seriously.
As Professor Lo (2012) wrote:
The recent
financial crisis has exposed some serious gaps in our understanding of the
global economy, and the need to take stock and get our academic house in order
has never been greater. This presents us with a precious opportunity to make
wholesale changes to our discipline that would otherwise be impossible, so we
should delay no longer. (p. 48)
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