Economics After the Crisis

Economics After the Crisis
Author: Adair Turner
Publisher: MIT Press
Total Pages: 123
Release: 2012-03-23
Genre: Business & Economics
ISBN: 0262300990

A noted economist challenges the fundamental economic assumptions that cast economic growth as the objective and markets as the universally applicable means of achieving it. The global economic crisis of 2008–2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic challenges as we recover, combined with reform of financial regulation to prevent a recurrence. In Economics After the Crisis, Adair Turner offers a strong counterargument to this somewhat complacent view. The crisis of 2008–2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-crisis confidence in financial markets as the means of pursuing objectives was profoundly misplaced.

Economics After the Crisis

Economics After the Crisis
Author: Irene van Staveren
Publisher: Routledge
Total Pages: 459
Release: 2014-12-05
Genre: Business & Economics
ISBN: 1317743091

Economics After the Crisis is an introductory economics textbook, covering key topics in micro and macro economics. However, this book differs from other introductory economics textbooks in the perspective it takes, and it incorporates issues that are presently underserved by existing textbooks on the market. This book offers an introduction to economics that takes into account criticisms of the orthodox approach, and which acknowledges the role that this largely Western approach has played in the current global financial and economic crisis. A key feature of the book is its global approach: it offers examples from countries all over the world, including from developing and emerging economies. The chapters discuss all major economic topics, including individuals and households; the behaviour of consumers; the behaviour of firms; markets; the role of the state; public goods and commons; labour markets; capital markets; the macroeconomic flow; economic growth; international trade; nature and environmental externalities; poverty and wellbeing. Throughout, the book presents theoretical perspectives in which social structures, relatedness, uncertainty, and social norms provide key economic explanations, contrasting these with the idealized worldview of neoclassical economics. Economics After the Crisis is designed for a one-semester introductory course in economics, primarily at undergraduate but also at postgraduate level, and is suitable for students from a range of disciplines. It will be of particular relevance to those students with an interest in developing economies. https://www.coursera.org/learn/economicsfromapluralistperspective

The Economy and Economics After Crisis

The Economy and Economics After Crisis
Author: Jüri Sepp
Publisher:
Total Pages: 0
Release: 2012
Genre: Business cycles
ISBN: 9783830526537

HauptbeschreibungThe necessity to change the concepts of teaching economics and business at universities is spreading fast. Years of global economic crisis have strengthened that wish. Therefore, it is understandable why previously mentioned developments were also in the middle of the attention for COPE (http: //www.copeintl.org/), the union of economists with the mission to encourage worldwide discussion about the theory, principles, and problems of economics, with special emphasis on political economy. Also the title of the annual publication of 2010 refl ects this. This publication covers the problems of world economy and economics after crisis from four different angles. It begins with discussions of globally important topics, followed by introducing the regional and sectoral dimensions into discussion, and ends with the analysis of micro level and entrepreneurship issues.

Fiscal Policy after the Financial Crisis

Fiscal Policy after the Financial Crisis
Author: Alberto Alesina
Publisher: University of Chicago Press
Total Pages: 596
Release: 2013-06-25
Genre: Business & Economics
ISBN: 022601844X

The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

In the Wake of the Crisis

In the Wake of the Crisis
Author: Olivier Blanchard
Publisher: MIT Press
Total Pages: 251
Release: 2014-08-29
Genre: Business & Economics
ISBN: 0262526824

Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner

The World Economy After the Global Crisis

The World Economy After the Global Crisis
Author: Barry J. Eichengreen
Publisher: World Scientific
Total Pages: 230
Release: 2012
Genre: Business & Economics
ISBN: 9814383031

The global credit crisis of 2008 2009 was the most serious shock to the world economy in fully 80 years. It was for the world as a whole what the Asian crisis of 1997 1998 was for emerging markets: a profoundly alarming wake-up call. By laying bare the fragility of global markets, it raised troubling questions about the operation of our deeply integrated world economy. It cast doubt on the efficacy of the dominant mode of light-touch financial regulation and more generally on the efficacy of the prevailing commitment to economic and financial liberalization. It challenged the managerial capacity of inherited institutions of global governance. And it augured a changing of the guard, pointing to the possibility that the economies that had been the leaders in the "global growth stakes" in the past might no longer be the leaders in the future. What the crisis means for reform, however, is still unclear. This book brings together leading scholars and policy analysts to describe and weigh the options. Successive chapters assess options for the global financial system, the global trading system, the international monetary system, and the Group of 20 and global governance. A final set of chapters contemplates the policy challenges for emerging markets and the advanced economies in the wake of the financial crisis.

After the Flood

After the Flood
Author: Edward L. Glaeser
Publisher: University of Chicago Press
Total Pages: 320
Release: 2017-03-23
Genre: Business & Economics
ISBN: 022644354X

Includes papers presented at a conference held at the Columbia Business School in the spring of 2013 in honor of Josae Scheinkman's 65th birthday.

What's the Use of Economics?

What's the Use of Economics?
Author: Diane Coyle
Publisher: London School of Economics and Political Science
Total Pages: 197
Release: 2012
Genre: Economics
ISBN: 9781907994043

The gap between important real-word problems and the workhorse mathematical model-based economics being taught to students has become a chasm. This book examines what economists need to bring to their jobs, and the way in which economics education in universities could be improved to fit them better for the real world.