The Global Crisis of 2008 and Keynes's General Theory

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Business & Finance, Economics
Cover of the book The Global Crisis of 2008 and Keynes's General Theory by Fikret Čaušević, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Fikret Čaušević ISBN: 9783319114514
Publisher: Springer International Publishing Publication: September 16, 2014
Imprint: Springer Language: English
Author: Fikret Čaušević
ISBN: 9783319114514
Publisher: Springer International Publishing
Publication: September 16, 2014
Imprint: Springer
Language: English

This book describes the international context and some of the factors that have weakened the influence of Keynesian economic thought. It illustrates economic responses offered by the new Keynesian school and the alternative perspective on the global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his analysis of the change in the structure of costs, and straightforward recommendation for a policy marked by very low interest, which he felt was needed to maintain full employment. Additionally, the book discusses major changes in the cost structure of globally active companies, resulting from the extremely intense international capital flows over the last three decades. The authors point out the need to redefine the open economy macroeconomics model, switching it from a world consisting of two major developed open economies to one consisting of two major open economies, one of which is developed and the other is developing.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book describes the international context and some of the factors that have weakened the influence of Keynesian economic thought. It illustrates economic responses offered by the new Keynesian school and the alternative perspective on the global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his analysis of the change in the structure of costs, and straightforward recommendation for a policy marked by very low interest, which he felt was needed to maintain full employment. Additionally, the book discusses major changes in the cost structure of globally active companies, resulting from the extremely intense international capital flows over the last three decades. The authors point out the need to redefine the open economy macroeconomics model, switching it from a world consisting of two major developed open economies to one consisting of two major open economies, one of which is developed and the other is developing.

More books from Springer International Publishing

Cover of the book Applying a Human Rights Approach to Social Work Research and Evaluation by Fikret Čaušević
Cover of the book Formal Techniques for Safety-Critical Systems by Fikret Čaušević
Cover of the book AI*IA 2018 – Advances in Artificial Intelligence by Fikret Čaušević
Cover of the book Excel 2010 for Physical Sciences Statistics by Fikret Čaušević
Cover of the book Communication Technologies for Vehicles by Fikret Čaušević
Cover of the book Interconnected Networks by Fikret Čaušević
Cover of the book African Entrepreneurship by Fikret Čaušević
Cover of the book Sound - Perception - Performance by Fikret Čaušević
Cover of the book A Mathematical Approach to Protein Biophysics by Fikret Čaušević
Cover of the book Pharmacological Assays of Plant-Based Natural Products by Fikret Čaušević
Cover of the book Smart Computing and Communication by Fikret Čaušević
Cover of the book Ecocritical Perspectives on Children's Texts and Cultures by Fikret Čaušević
Cover of the book War as Performance by Fikret Čaušević
Cover of the book Boolean Representations of Simplicial Complexes and Matroids by Fikret Čaušević
Cover of the book Advances in Intelligent Systems and Computing II by Fikret Čaušević
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy