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The Economic Crisis in Social and Institutional Context - Theories, Policies and Exit Strategies (Hardcover)
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The Economic Crisis in Social and Institutional Context - Theories, Policies and Exit Strategies (Hardcover)
Series: Routledge Advances in Heterodox Economics
Expected to ship within 12 - 17 working days
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This book explores the foundations of the current economic crisis.
Offering a heterodox approach to interpretation it examines the
policies implemented before and during the crisis, and the main
institutions that shaped the model of advanced economies,
particularly in the last two decades. The first part of the book
provides a theoretical analysis of the crisis. The roots of the
'great recession' are divided into fundamentals with origins in
financial liberalisation, financial innovation and income
distribution, and complementary or contributory factors such as the
international imbalances, the monetary policy,and the role of
credit rating agencies. Part II suggests various paths to recovery
while emphasising that it will be necessary to develop alternative
strategies for sustainable economic recovery and growth. These
strategies will require genuine political support and a new 'great
European vision' to address major issues concerning the EU such as
unemployment, structural regional differences and federalism.
Drawing on various schools of thought, this book explains the
complexities of the crisis through a wider
evolutionary-institutional and heterodox framework.
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