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Economic Instability and Stabilization Policy - On the Path from Crises to State Directed Economies (Paperback, 1st ed. 2021)
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Economic Instability and Stabilization Policy - On the Path from Crises to State Directed Economies (Paperback, 1st ed. 2021)
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This book pleads for a new orientation of government economic
policy, as well as central bank policy, rejecting the traditional
government stabilization policy that leads to a dead-end of
economic instability and social inequality in the long run. Growing
economic instability and increasing state stabilization
characterize the development of the capitalist market economy since
the major world economic crises of the last century. The book
examines these crises and the measures states take to overcome
them. Additionally, it addresses the effectiveness and consequences
of state intervention. In presenting the main features of Keynes'
and Minsky's macroeconomics, the book provides a conceptual basis
for an outlook on government stabilization in a changing market
economy. It thus also offers a suitable framework for current
economic policy discussions. Finally, the book examines the wider
context of economic history for lessons to be learned. This book is
a must-read for scholars and students of economics, as well as
policy-makers and practitioners, interested in a better
understanding of macroeconomics, central bank policy, and the
results of state intervention.
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