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The Economic Crisis and the State of Economics brings together leading economists from a diverse set of backgrounds and presents their take on how economics can explain the current crisis but also how the crisis will affect economic thought.

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Introduction; R.Skidelsky PART I: RISK AND UNCERTAINTY IN ECONOMICS Risk and Uncertainty; P.Davidson Lessons from Statistical Finance; M.Potter Ambiguity and Economic Activity: Implications for the Current Crises in Credit Markets; S.Mukerji PART II: MACROECONOMICS AND THE CURRENT CRISIS Macro Theoretical Failures; C.Goodhart Hayek: Another Perspective; M.Desai Globalization and the Current Crisis; C.Bliss Global Imbalances and the Current Crisis; V.Joshi PART III: MODELS, METAPHORS, AND MORALS Knowledge in Economics; J.Kay The Structuring Role of Metaphors and Models; R.Bronk The Moral Critique of Economics; E.Skidelsky

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ROBERT SKIDELSKY is Emeritus Professor of Political Economy at the University of Warwick, UK. He is the winner of the Lionel Gelber Prize for International Relations and the Council on Foreign Relations Prize for International Relations for his three-volume biography of the economist John Maynard Keynes.

CHRISTIAN WESTERLIND WIGSTROM is a graduate student of philosophy at Merton College, Oxford, UK.

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