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There is a growing acknowledgement of the role played by finance theory and experts in the 2008 global banking crash, and their on-going contributions to risks in the financial system. Some argue that finance theory is deeply ideological, and the academy has been captured and corrupted by financial institutions and conservative journal editors and their unrealistic influence. Its language and terminology have been self-referential, enabling disciplinary closure but generating widening gaps with reality and lived experience. Serious and radical reforms are required in the teaching and research in finance. This book charts out the possible solutions for such reform.
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