The purpose of this paper is to present the methods of teaching about the global financial crisis (GFC) from a social economic perspective. Using primary texts from the history of economic thought, the moral underpinnings for collective social action are examined in times of economic depression. The deregulation of financial markets raises two questions: to what extent is deregulation the result of a misunderstanding about human nature and the behavioral lessons of social economics; and to what extend does deregulation ignore the moral lessons of Adam Smith’s invisible hand?

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Post-print Article

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Copyright © 2019 Emerald Publishing Limited.

DOI: 10.1108/IJSE-04-2018-0190

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Full citation:

Wight, Jonathan B. “Antecedents to the Crisis: Mandeville, Smith, and Keynes.” International Journal of Social Economics 46, no. 8 (2019): 1018–1030. doi:10.1108/IJSE-04-2018-0190.