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Realeconomik - The Hidden Cause of the Great Recession (And How to Avert the Next One) (Paperback)
Loot Price: R998
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Realeconomik - The Hidden Cause of the Great Recession (And How to Avert the Next One) (Paperback)
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A growing complacency that stability has been restored in the wake
of recent economic turmoil is not just wishful thinking, it is
dangerous thinking This book directly confronts uncomfortable
questions that many prefer to brush aside: if economists and other
scholars, politicians, and business professionals understand the
causes of economic crises, as they claim, then why do such damaging
crises continue to occur? Can we trust business and intellectual
elites who advocate the principles of Realpolitik and claim the
"public good" as their priority, yet consistently favor
maximization of profit over ethical issues? Former deputy prime
minister of Russia Grigory Yavlinsky, an internationally respected
free-market economist, makes a powerful case that the often-cited
causes of global economic instability-institutional failings, wrong
decisions by regulators, insufficient or incorrect information, and
the like-are only secondary to a far more significant underlying
cause: the failure to understand that universal social norms are
essential to thriving businesses and social and economic progress.
Yavlinsky explores the widespread disregard for moral values in
business decisions and calls for restoration of principled behavior
in politics and economic practices. The unwelcome alternative, he
warns, will be a twenty-first-century global economy in the grip of
unending crises.
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