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The Structuring Role of Theory and Policy

Instability in world financial markets and the resulting economic slow down is currently dominating economic commentary.  Just as the 1929 Stock Market Crash discredited Classical economic theory and policy, paving the way for Keynesianism, the collapse of confidence in financial markets and the banking system is now undermining the ‘conventional wisdom’ of economic liberalism.

This research stream examines the breakdown in governance which has resulted from the co-evolution of political doctrine and economic theory and economic developments since 1919. However, while many look back to the Great Depression and the policies that apparently aided recovery, we argue instead that the current context is materially different and that there are more recent events that may provide better insight into the genesis of the present crisis and the path out of it.

London Centre for Corporate Governance and Ethics

London Centre for Corporate Governance and Ethics

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