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Laddar... How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies (utgåvan 2010)av Roger E. A. Farmer
VerksinformationHow the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies av Roger E. A. Farmer
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Gå med i LibraryThing för att få reda på om du skulle tycka om den här boken. Det finns inga diskussioner på LibraryThing om den här boken. Nice explanation of the history of economic thought, and an interesting proposal to reduce the number of financial crisi' (??). But I still believe that less involvement in the market is better than more... ( ) inga recensioner | lägg till en recension
""Of All the Economic Bubbles that have been pricked," the editors of the Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place?" "In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E.A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the long-standing idea that an economy was a self-correcting mechanism, but his school gave way to a resurgence of classical economics in the 1970s - a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave - how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning."--Jacket. Inga biblioteksbeskrivningar kunde hittas. |
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