ABSTRACT
The financial crisis that erupted in 2008 challenged the foundations of orthodox economic theory and policy. At its outset, orthodox economists were stunned into silence as evidenced by their inability to answer the Queen of England’s simple question to the faculty of the London School of Economics as to why no one foresaw the crisis (Greenhill, 2008). Six years later, orthodoxy has fought back and largely succeeded in blocking change of thought and policy. The result has been economic stagnation.
