Post-Keynesian Views of the Crisis and its Remedies

Name: Post-Keynesian Views of the Crisis and its Remedies
SKU: 20946278
Price: 299.99 AUD
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Hardback

Series:

Routledge Critical Studies in Finance and Stability

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Description

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.

Author Biography:

Óscar Dejuán is Professor of Economics and Head of the Department of Economics and Finance at University of Castilla-La Mancha, Spain Eladio Febrero is a lecturer at University of Castilla-La Mancha, Spain Jorge Uxó is a lecturer at University of Castilla-La Mancha, Spain

Release date Australia

April 25th, 2013

Audience

Tertiary Education (US: College)

Contributors

Edited by Eladio Febrero Panos
Edited by Jorge Uxo Gonzalez
Edited by Oscar Dejuan

Illustrations

39 Tables, black and white; 81 Line drawings, black and white

Pages

320

Series

Routledge Critical Studies in Finance and Stability

Dimensions

156x234x23

ISBN-13

9780415822763

Product ID

20946278

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