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The Handbook of the Political Economy of Financial Crises (Hardcover)
Loot Price: R4,093
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The Handbook of the Political Economy of Financial Crises (Hardcover)
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The Great Financial Crisis that began in 2007-2008 reminds us with
devastating force that financial instability and crises are endemic
to capitalist economies that lack powerful and dynamically changing
financial regulations that can keep the powerful forces of leverage
and credit within sustainable bounds. Economists from Marx to
Keynes, and Minsky to Kindleberger have well understood this
profoundly important fact, yet the dominant mainstream economics of
"rational expectations", "efficient markets" and "laissez-faire"
that rationalized widespread financial liberalization and still
dominates the economics profession has gotten it, literally, "dead
wrong". This Handbook of The Political Economy of Financial Crises
describes the theoretical, institutional, and historical factors
that can help us understand the forces that create financial crises
- with an emphasis on the crisis of 2007- 2008 - and the strengths
and weaknesses of varying theoretical perspectives and policy
approaches that have tried to comprehend and limit these financial
tsunamis.
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