A Solution to Recessions?
Buch, Englisch, 208 Seiten, Format (B × H): 142 mm x 211 mm, Gewicht: 386 g
ISBN: 978-0-230-11269-8
Verlag: Palgrave MacMillan Us
This book asks a fundamental question, that is, whether "somebody in charge" could have prevented or solved the problem leading up to our current financial crisis. This book explores and answers that question from a scholarly and academic economic viewpoint.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
Introduction: Adult Supervision PART I: THE LIMITS OF AUTHORITY Social Complexity The Impossibility of Planning The Inconvenient Individual The Tribe and the Great Society PART II: ARE RECESSIONS POSSIBLE? Business Cycles and Crashes An Economist in Wonderland Classical Economics Recessions Happen PART III: MACROECONOMIC CONTROVERSIES The Old Idea of Underconsumption Keynes's Ideas: A Brief Summary Price Adjustments Multiplying Bread and Fish Meaningless Aggregates Information and Coordination Government Activism More Recent Theories of the Business Cycle PART IV: THE MIXED ECONOMY A Failure of Capitalism? Government Revenues and Expenditures Regulation and Control The Welfare State Businessmen as Domestic Animals PART V: FINANCIAL DEREGULATION: AN URBAN LEGEND Lax Regulation Deregulation U.S. Banks in a World Perspective Necessary Regulation? PART VI: THE CRIME SCENE: ENVY OF THE WORLD Residential Home Market Driven by Government A Half-nationalized Residential Mortgage Market Securitization Subsidization of Risk The Collapse of the House of Cards Larger Consequences PART VII: MONETARY MEDDLING The Austrian Theory of the Business Cycle Some Doubts on the Austrian Interpretation of the Crisis Monetary Policy Played a Role On Balance: A Contributing Factor PART VIII: STATE ANIMAL SPIRITS State Greed Faddish Behavior and State Bubbles Regulatory failure Collectivism Power and Hubris Systemic risk Conclusion: Something Must Be Done Bibliography Name Index Topics Index Charts
