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Books > Social sciences > Politics & government
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Post-Keynesian Views of the Crisis and its Remedies (Hardcover, New)
Loot Price: R2,779
Discovery Miles 27 790
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Post-Keynesian Views of the Crisis and its Remedies (Hardcover, New)
Series: Routledge Critical Studies in Finance and Stability
Expected to ship within 12 - 17 working days
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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.
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