Publication

2012 - Cambridge University Press, Cambridge, England

Language

English

Word Count

85,000 words, Guess

Page Count

340 pages

Identifiers

Classifications

  • DDC330.973
  • LCCHC106.84 .A37 2012

Description

"The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society"--

Subjects

Reader Reviews

No reviews yet for this book.

Be the first to share your thoughts!