Get a new perspective from the 'other half' of macroeconomics The
failure of the vast majority of economists in government, academia
and the private sector to predict either the post-2008 Great
Recession or the degree of its severity has raised serious
credibility issues for the profession. The repeated failures of
central banks and other policymakers in all advanced countries to
meet their inflation or growth targets in spite of astronomical
monetary easing, have left the public rightfully suspicious of the
establishment and its economists. The Other Half of Macroeconomics
and the Fate of Globalization elucidates what was missing in
economics all along and what changes are needed to make the
profession relevant to the economic challenges of today. Once the
other half of macroeconomics is understood both as a post-bubble
phenomenon and as a phase of post-industrial economies, it should
be possible for policy makers to devise appropriate measures to
overcome difficulties advanced countries are facing today such as
stagnation and income inequality. - Shows how it's possible to
devise appropriate policy response to slow wage and productivity
growth in these economies - Demonstrates that the effectiveness of
monetary and fiscal policy changes as an economy undergoes
different stages of development - Argues that tax rules,
regulations and even educational system must be revised to match
the need of pursued (by emerging nations) countries - Explains the
200-year process of economic development and where that process is
taking all of us Inside, Richard C. Koo offers a completely new way
of looking at the economic predicament of advanced countries today.
General
Imprint: |
John Wiley & Sons
|
Country of origin: |
United States |
Release date: |
February 2018 |
Authors: |
RC Koo
|
Dimensions: |
242 x 153 x 23mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
320 |
ISBN-13: |
978-1-119-48215-4 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
General
|
LSN: |
1-119-48215-1 |
Barcode: |
9781119482154 |
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