Post-Keynesian views of the crisis and its remedies

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Başlık:

Yazar:

Dejuán, Óscar., edıtor.

ISBN:

9780415822763

Fiziksel Tanımlama:

xi, 303 pages : illustrations ; 25 cm.

Seri:

Routledge critical studies in finance and stability

İçerik:

Finance-dominated capitalism, re-distribution and the financial and economic crises : a European perspective / Eckhard Hein -- The world in balance sheet recession : causes, cures and politics / Richard C. Koo -- All lucky breaks come to an end : the shortcomings of macroeconomic models following the financial crisis and the contribution of behavioural economics to the reconfiguration of macroeconomics / Nigel F.B. Allington, John S.L. McCombie, Maureen Pike -- The debt trap / Oscar Dejuan -- Controversial and novel features of the Eurozone crisis as a balance of payment crisis / Sergio Cesaratto -- Unhappy families ar all alike : Minskyan cycles, Kaldorian growth, and the Eurozone peripheral crises / Alberto Bagnai -- The adjustment of current account imbalances within the European Monetary Union since the beginning of the Great Recession : some strengths and many weaknesses / Jesus Paul, Jorge Uxo -- The effects of the great recession of 2008 on the neo-Keynesian development experiences : the case of Argentina and Brazil / Fabian Amico, Alejandro Fiorito -- Net private savings in relation to the government's financial balance : some basic principles of macroeconomics disregarded by the European Union's economic policy makers / Kazimierz Laski, Leon Podkaminer -- Business investment, growth and crisis / Ana-Rosa Gonzalez, Philip Arestis, Oscar Dejuan -- Does the effectiveness of fiscal stimulus depend on economic context? / Steven M. Fazzari -- Spain during the Great Recession : teetering on the brink of collapse / Eladio Febrero, Fernando Bermejo.

Özet:

At the end of the 20th century, mainstream economics was based on theories which viewed capitalism as a self-regulating system, whereby crises come about due to external shocks and would be automatically corrected by the price mechanism if it was flexible enough. Post-Keynesian economists, however, consider that the business cycle and the crises are endogenously generated. They recommend active policies as a response, though the remedies may be worse than the illness if they are not applied at the right moment and in the right proportions. The first great recession of the 21st century offers post-Keynesian economists an opportunity to prove the realism of their models. It is also a chance to make theoretical improvements, to abandon some hypotheses and to introduce new ones. This book, from a top group of international economists, analyzes the causes, consequences and evolution of the crisis from a variety of post-Keynesian perspectives. It then presents a case for realistic and essential remedies. The book is both theoretical and applied, with a global reach and a particular focus on the European debt crisis.

Konu Başlığı:

Global Financial Crisis, 2008-2009.

Küresel Finansal Kriz, 2008-2009.

Recessions.

Durgunluk.

Financial crises -- Government policy.

Finansal krizler -- Hükümet politikası.

International finance.