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David Colander [16]David C. Colander [3]
  1.  9
    The Financial Crisis and the Systemic Failure of the Economics Profession.David Colander, Michael Goldberg, Armin Haas, Katarina Juselius, Alan Kirman, Thomas Lux & Brigitte Sloth - 2009 - Critical Review 21 (2-3):249-267.
    ABSTRACT Economists not only failed to anticipate the financial crisis; they may have contributed to it?with risk and derivatives models that, through spurious precision and untested theoretical assumptions, encouraged policy makers and market participants to see more stability and risk sharing than was actually present. Moreover, once the crisis occurred, it was met with incomprehension by most economists because of models that, on the one hand, downplay the possibility that economic actors may exhibit highly interactive behavior; and, on the other, (...)
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  2.  11
    Making Sense of Economists' Positive-Normative Distinction.David Colander & Huei-Chun Su - 2015 - Journal of Economic Methodology 22 (2):157-170.
    The goal of this article is to provide a slightly different spin on economists' use of the positive-normative distinction by providing some context for its use. The major difference is the following: philosophers and philosophically oriented economists, such as Hilary Putnam and John Davis, see the positive-normative distinction in economics as following from the logical positivist position, and they interpret comments made by economists as reflecting scientific methodological positions that have long since been repudiated by philosophers of science. This article (...)
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  3.  14
    The Economics Profession, the Financial Crisis, and Method.David Colander - 2010 - Journal of Economic Methodology 17 (4):419-427.
    In 2007?2008, the world economy came perilously close to a systemic failure in which a financial system collapse almost undermined the entire world economy as we know it. These events have led some to fault the economics profession for its failure to predict the crisis, and to ask whether the crisis will lead the economics profession to change its ways. In this paper, I will discuss these two issues, and then turn to some suggestions for institutional changes in the economics (...)
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  4.  5
    The Myth of the Myth of the Rational Voter.David Colander - 2008 - Critical Review 20 (3):259-271.
    Bryan Caplan’s Myth of the Rational Voter overstates its case against democracy by not dealing with what might be called the historical/instrumentalist argument for democracy. The case for democracy that he attacks is primarily an academic exercise, which makes his argument against that case also an academic exercise. The supposed policy choice that Caplan presents between the market and democracy is not the correct choice, and the notion that economists should be given more voting weight in the democratic decision process (...)
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  5.  10
    Is Milton Friedman an Artist or a Scientist?David Colander - 1995 - Journal of Economic Methodology 2 (1):105-122.
    Most economists will agree that Milton Friedman is a brilliant economist. Yet, the majority assessment is that his work is ideologically flawed, and that the Marshallian economics he advocates has been superseded by Walrasian economics. In this paper I argue that the reason for this negative assessment is that Friedman, like Alfred Marshall before him, tried to straddle a fence between policy and logical-deductive theory, combining the artistic science of the historical and institutional school with the logical-deductive science of economics (...)
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  6.  21
    Vision, Judgment, and Disagreement Among Economists.David Colander - 1994 - Journal of Economic Methodology 1 (1):43-56.
  7.  19
    How Economists Got It Wrong: A Nuanced Account.David Colander - 2011 - Critical Review 23 (1-2):1-27.
    In the wake of the financial crisis of 2008, many economists have blamed economics for having failed to warn us. Paul Krugman, for example, in a well-known New York Times Magazine article, suggests that Classical economists were blinded by the beauty of mathematics, and that Keynesian economics is the path of the future. This paper argues that the evolution of economic thinking is much more nuanced than Krugman portrays it, and that instead of embracing what has become known as Keynesian (...)
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  8.  25
    The Systemic Failure of Economic Methodologists.David Colander - 2013 - Journal of Economic Methodology 20 (1):56 - 68.
    (2013). The systemic failure of economic methodologists. Journal of Economic Methodology: Vol. 20, Methodology, Systemic Risk, and the Economics Profession, pp. 56-68. doi: 10.1080/1350178X.2013.774848.
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  9.  3
    Bucking the System.Evelyn Fox Keller, Jeremy C. Ahouse, Michael Redhead, David Colander & Stephen H. Kellert - 2000 - Metascience 9 (1):39-72.
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  10.  2
    Post-Keynesian Economics, Abba Lerner, and His Critics.David Colander - 1980 - Social Research 47.
  11. Pluralism, Formalism and American Economics.David Colander & Harry Landreth - 2008 - In Edward Fullbrook (ed.), Pluralist Economics. Distributed in the Usa Exclusively by Palgrave Macmillan.
  12. Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model.David Colander (ed.) - 2006 - Cambridge University Press.
    Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity (...)
     
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  13. The Spread of Economic Ideas.David C. Colander & Alfred William Coats (eds.) - 1993 - Cambridge University Press.
    This book, first published in 1989, contains a spirited debate between eminent economists, journalists, and publishers about the spread of economic ideas. Using many of the same ideas as do the rhetorical and sociological philosophical schools, the contributors to this book discuss the spread of economic ideas in readily understandable English. The examination of the flow of ideas among economists and from economists to the public is followed by a discussion of the public policy use and abuse of these concepts. (...)
     
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  14. The Spread of Economic Ideas.David C. Colander & Alfred William Coats (eds.) - 1989 - Cambridge University Press.
    This book, first published in 1989, contains a spirited debate between eminent economists, journalists, and publishers about the spread of economic ideas. Using many of the same ideas as do the rhetorical and sociological philosophical schools, the contributors to this book discuss the spread of economic ideas in readily understandable English. The examination of the flow of ideas among economists and from economists to the public is followed by a discussion of the public policy use and abuse of these concepts. (...)
     
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