The author thanks two referees for helpful comments and criticism. This research was supported by an Australian Research Council Federation Fellowship.
Six Refuted Doctrines*
Article first published online: 16 DEC 2009
© 2009 The Economic Society of Australia
Economic Papers: A journal of applied economics and policy
Volume 28, Issue 3, pages 239–248, September 2009
How to Cite
Quiggin, J. (2009), Six Refuted Doctrines. Economic Papers: A journal of applied economics and policy, 28: 239–248. doi: 10.1111/j.1759-3441.2009.00027.x
- Issue published online: 16 DEC 2009
- Article first published online: 16 DEC 2009
- efficient markets hypothesis;
- financial crisis;
This article examines six widely-held doctrines concerning economic theory and economic policy that have been refuted, or at least rendered highly problematic by the global financial crisis, namely: (i) the efficient markets hypothesis; (ii) the Great Moderation; (iii) central bank independence; (iv) trickle down; (v) the case for privatization; and (vi) individual retirement accounts.