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Books > History > History of specific subjects > Economic history
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Temporary Economic Crises (Paperback)
Loot Price: R1,576
Discovery Miles 15 760
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Temporary Economic Crises (Paperback)
Series: Routledge Frontiers of Political Economy
Expected to ship within 9 - 17 working days
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In traditional theory of economic crisis, and in all its
manifestations, there is no fundamental difference between economic
disorder and economic crisis: the two types of economic turmoil are
both considered temporary states. This book is a methodical study
of deep-seated causes of economic crises. The aim of the book is to
explain the key difference between economic disorder and economic
crisis. Its key argument is that economic disorder is a permanent
condition, whereas economic crises are a series of transitory
periods. Economic crises, unlike economic disorders, are acute and
frenzied volatilities that are unpredictable and short-lived.
Humans cannot survive in a condition of perpetual economic crises
but can only accommodate life under unremitting economic disorders.
The book also explores the root cause of economic crisis. Unlike
the received wisdom in economics, this book looks at the root cause
of such hysterical economic turbulences as a result of an innate
propensity of human fallibility. The final section of this book
looks at the ramifications of this alternative perspective on
macroeconomic policy formation and implementation. This book is a
major contribution to the literature on economic disorder and
crises and will be of great interest to readers of economic theory,
philosophy of economics, and the history of economic thought.
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