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Economics After the Crisis - Objectives and Means (Paperback)
Loot Price: R212
Discovery Miles 2 120
You Save: R177
(46%)
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Economics After the Crisis - Objectives and Means (Paperback)
Series: Lionel Robbins Lectures
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List price R389
Loot Price R212
Discovery Miles 2 120
You Save R177 (46%)
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A noted economist challenges the fundamental economic assumptions
that cast economic growth as the objective and markets as the
universally applicable means of achieving it. The global economic
crisis of 2008-2009 seemed a crisis not just of economic
performance but also of the system's underlying political ideology
and economic theory. But a second Great Depression was averted, and
the radical shift to New Deal-like economic policies predicted by
some never took place. Perhaps the correct response to the crisis
is simply careful management of the macroeconomic challenges as we
recover, combined with reform of financial regulation to prevent a
recurrence. In Economics After the Crisis, Adair Turner offers a
strong counterargument to this somewhat complacent view. The crisis
of 2008-2009, he writes, should prompt a wide set of challenges to
economic and political assumptions and to economic theory. Turner
argues that more rapid growth should not be the overriding
objective for rich developed countries, that inequality should
concern us, that the pre-crisis confidence in financial markets as
the means of pursuing objectives was profoundly misplaced.
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