If there is a single message that emerges from the wonderful essays
contained in this volume, it is that economics is hard. The fact
that virtually all economists agree on a handful of simple truths
that describe the marketplace belies the fact that, when push comes
to shove, dynamic economic processes are notoriously difficult to
understand and control. The Economic Crisis in Retrospect provides
the reader with a window into how some of the most perceptive
economic thinkers of the last two centuries have wrestled with
these issues.' - Steven G. Medema, University of Colorado, US'When
the financial crisis hit, Ben Bernanke defended the economics
profession by arguing that economists such as Bagehot and Thornton
had a complete analysis of financial crises. Unfortunately, until
the crisis hit, most economics students had never heard of, let
alone read, either. That's sad, and this book provides an excellent
entree into past economists' insights and how they relate to the
financial crisis. It is a useful read.' - David C. Colander,
Middlebury College, US 'With apologies to Santayana. . . this
excellent work shows that those who can remember past economic
thought are condemned to repeat the insights of major economic
thinkers and show their relevance by applying them to contemporary
economic issues.' - Steven Pressman, Monmouth University, US As the
United States continues its slow recovery from the global financial
crisis of 2008, politicians, policymakers and academics are
increasingly turning to the lessons of history to gain insight into
how we might address both current and future economic challenges.
This volume offers contributions by eminent economists and
historians, each commenting on the theories of a particular 20th
century economist and the ways in which those theories apply to
modern economic thought. Presented in rough chronological order of
the lives of the featured economists, these chapters tackle a
number of major economic issues, including the role of central
banks, monetary and fiscal policy, government spending,
entrepreneurship and financial innovation. The contributors apply
the theories of Walter Bagehot, Thorstein Veblen, John Maynard
Keynes, Joseph Schumpeter and Friedrich Hayek to these and other
crucial topics, offering both comprehensive historical analysis and
vital insights into the modern US and world economies. Two
additional chapters on the Great Depression and US monetary and
fiscal history round out this critical collection. Students and
professors of all economic disciplines will find much to admire in
this fascinating volume, as will anyone with an interest in
economics both past and present. Contributors: B. Bateman, B.
Caldwell, R.N. Langlois, P. Mehrling, R. Prasch, T.J. Sargent, P.
Temin, G.P. West III, R.M. Whaples
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
