In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses---economic, psychological, and social values.Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and financial crises. So, they search more extensively within the broader discipline of economics for ideas related to crises but neglected perhaps because they were not mathematically rigorous.They affirm that the complexity of financial crises necessitates complementary research. Thus, to put the focal purpose of this book differently, they explore the Global Financial Crisis from three interconnected frameworks: the standards of orthodox economic analysis, Minskyan economics, and the role of ideas and values in economics.Values are the subject of both philosophy and psychology and can contribute to a better understanding of the Global Financial Crisis. Values, in general, have been relatively neglected by economists. This is not because there is doubt about their significance, but rather because welfare economics and collective choice still operate within the neoclassical paradigm. This volume argues that analyzing the value implications requires moving from the neoclassical framework to something that is broader and multidisciplinary.

I. INTRODUCTION1. The Global Financial Crisis of 2007-09: An Overview of Neglected Ideas from Economics, Psychology, and ValuesA.G. Malliaris, Leslie Shaw, and Hersh ShefrinII. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND ECONOMICS2. From Asset Price Bubbles to Liquidity TrapsA.G. Malliaris3. A Minsky Meltdown: Lessons for Central BankersJanet Yellen4. Modeling Financial InstabilitySteve Keen5. Assessing the Contribution of Hyman Minsky's Perspective to Our Understanding of Economic InstabilityHersh Shefrin6. The Great Recession of 2008-09 and Its Impact on UnemploymentJohn Silvia7. Mathematical Definition, Mapping, and Detection of (Anti)FragilityNassim Taleb and Rafael DouadyIII. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND PSYCHOLOGY8. The Varieties of Incentive ExperienceRobert Kolb9. Goals and the Organization of Choice Under Risk in Both the Long Run and the Short RunLola Lopes10. Topology of Greed and FearGraciela Chichilnisky11. A Sustainable Understanding of Instability in Minds and in MarketsLeslie Shaw12. Existence of Monopoly in the Stock Market: A Model of Information-Based ManipulationViktoria Dalko, Lawrence R. Klein, S. Prakash Sethi, and Michael Wang13. Crisis of AuthorityWerner DeBondt14. Social Structure, Power, and Financial FraudBrooke HarringtonIV. THE GLOBAL FINANCIAL CRISIS OF 2007-09 AND VALUES15. Economics, Self Psychology, and Ethics: Why Modern Economic Persons Cheat and How Self Psychology Can Provide the Basis for a Trustworthy Economic WorldJohn Riker16. Finance Professionals in the Market for StatusMeir Statman17. Why Risk Management Failed: Ethical and Behavioral ExplanationsJohn Boatright18. The Global Financial Crisis and Social Justice: The Crisis Seen Through the Lens of Catholic Social DoctrinePaul Fitzgerald, S.J.19. The Moral Benefits of Financial Crises: A Virtue Ethics PerspectiveJohn Dobson20. Three Ethical Dimensions of the Financial CrisisAntonio ArgandonanV. EPILOGUE21. Lessons for Future Financial StabilityA.G. Malliaris, Leslie Shaw, and Hersh Shefrin