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Full-Text Articles in Social and Behavioral Sciences
Antecedents To The Crisis: Mandeville, Smith, And Keynes, Jonathan B. Wight
Antecedents To The Crisis: Mandeville, Smith, And Keynes, Jonathan B. Wight
Economics Faculty Publications
The purpose of this paper is to present the methods of teaching about the global financial crisis (GFC) from a social economic perspective. Using primary texts from the history of economic thought, the moral underpinnings for collective social action are examined in times of economic depression. The deregulation of financial markets raises two questions: to what extent is deregulation the result of a misunderstanding about human nature and the behavioral lessons of social economics; and to what extend does deregulation ignore the moral lessons of Adam Smith’s invisible hand?