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.
Product Identifiers
Publisher
Taylor & Francis Ltd
ISBN-13
9780415822763
eBay Product ID (ePID)
148606486
Product Key Features
Author
Oscar Dejuan, Jorge Uxo Gonzalez, Eladio Febrero Panos
Publication Name
Post-Keynesian Views of the Crisis and Its Remedies
Format
Hardcover
Language
English
Subject
Economics, Government
Publication Year
2013
Type
Textbook
Number of Pages
308 Pages
Dimensions
Item Height
234mm
Item Width
156mm
Item Weight
590g
Additional Product Features
Series Title
Routledge Critical Studies in Finance and Stability
Editor
Eladio Febrero Panos, Jorge Uxo Gonzalez, Oscar Dejuan