The Global Crisis of 2008 and Keynes's General Theory

Description: The Global Crisis of 2008 and Keynes's General Theory Please note: this item is printed on demand and will take extra time before it can be dispatched to you (up to 20 working days). Author(s): Fikret Causevic Format: Paperback Publisher: Springer International Publishing AG, Switzerland Imprint: Springer International Publishing AG ISBN-13: 9783319114507, 978-3319114507 Synopsis 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.

Price: 38.07 GBP

Location: Aldershot

End Time: 2024-12-16T09:16:51.000Z

Shipping Cost: 28.56 GBP