Notes
References
Battiston, S. 2007. Credit Chains and Bankruptcy Propagation in Production Networks. Journal of Economic Dynamics & Control, 31 (6): 2061–2084.
Delli Gatti, D., M. Gallegati, B. Greenwald, A. Russo, and J.E. Stiglitz . 2008. Business fluctuations and bankruptcy avalanches in an evolving network economy, mimeo.
Gallegati, M., B. Greenwald, M. Richiardi, and J.E. Stiglitz . 2008. The Asymmetric Effect of Diffusion Processes: Risk Sharing and Contagion. Global Economy Journal, 8 (3). Article 2.
Greenwald, B., and J.E. Stiglitz . 2003. Towards a New Paradigm in Monetary Economics. Cambridge: Cambridge University Press.
Acknowledgements
Financial support from Ford, Macarthur, Hewlett, and Rockefeller Brothers Foundations is gratefully acknowledged.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Stiglitz, J. The Current Economic Crisis and Lessons for Economic Theory. Eastern Econ J 35, 281–296 (2009). https://doi.org/10.1057/eej.2009.24
Published:
Issue Date:
DOI: https://doi.org/10.1057/eej.2009.24