After the Crisis

The 2007-2010 economic crisis has profoundly shaken the foundations of mainstream financial economics. The apparent falsification of core concepts such as risk diversification, informational efficiency and valuation efficiency by an unexpected course of events has revealed the need to redefine the objectives and direction of research today. In a context where global public opinion has begun to doubt the merits of a deregulated economy, a conceptual void has been opened up, thereby rendering more complex the elaboration of appropriate policy responses. This book illustrates new paths in economic research by examining the crisis from perspectives which fall outside the conventional theoretical paradigm and which, by virtue of their non-conformity, are in a position to provide a refreshed gaze on former ways of thinking.