000 04332nam a2200445 i 4500
001 CR9781139059589
003 UkCbUP
005 20240807171128.0
006 m|||||o||d||||||||
007 cr||||||||||||
008 110401s2013||||enk o ||1 0|eng|d
020 _a9781139059589 (ebook)
020 _z9781107015890 (hardback)
020 _z9781107436756 (paperback)
040 _aUkCbUP
_beng
_erda
_cUkCbUP
043 _an-us---
050 0 0 _aHC106.84
_b.A37 2013
082 0 0 _a330.973
_223
245 0 0 _aAfter the great recession :
_bthe struggle for economic recovery and growth /
_cedited by Barry Z. Cynamon, Steven M. Fazzari, Mark Setterfield ; foreword by Robert Kuttner.
264 1 _aCambridge :
_bCambridge University Press,
_c2013.
300 _a1 online resource (xvii, 340 pages) :
_bdigital, PDF file(s).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 _gPart One.
_tIntroduction and Overview:
_g1.
_tUnderstanding the great recession /
_rBarry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield;
_g2.
_tAmerica's exhausted paradigm: macroeconomic causes of the financial crisis and great recession /
_rThomas I. Palley --
_gPart Two.
_tEmergence of Financial Instability:
_g3.
_tMinsky's money manager capitalism: assessment and reform /
_rL. Randall Wray;
_g4.
_tTrying to serve two masters: the dilemma of financial regulation /
_rJan Kregel;
_g5.
_tHow bonus-driven 'rainmaker' financial firms enrich top employees, destroy shareholder value, and create systemic financial instability /
_rJames Crotty --
_gPart Three.
_tHousehold Spending and Debt: Source of Past Growth-Seeds of Recent Collapse:
_g6.
_tThe end of the consumer age /
_rBarry Z. Cynamon and Steven M. Fazzari;
_g7.
_tWages, demand and U.S. macroeconomic travails: diagnosis and prognosis /
_rMark Setterfield --
_gPart Four.
_tGlobal Dimensions of U.S. Crisis:
_g8.
_tGlobal imbalances and U.S. trade in the great recession and its aftermath /
_rRobert A. Blecker --
_gPart Five.
_tEconomic Policy after the Great Recession:
_g9.
_tConfronting the Kindleberger moment: credit, fiscal, and regulatory policy to avoid economic disaster /
_rGerald Epstein;
_g10.
_tFiscal policy: the recent record and lessons for the future /
_rDean Baker;
_g11.
_tNo need to panic about U.S. government deficits /
_rBarry Z. Cynamon and Steven M. Fazzari;
_g12.
_tFiscal policy for the great recession and beyond /
_rPavlina R. Tcherneva --
_gPart Six.
_gThe Way Forward:
_g13.
_tDemand, finance, and uncertainty beyond the great recession /
_rBarry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield.
520 _aThe 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.
650 0 _aRecessions
_zUnited States
_xHistory
_y21st century.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 0 _aUnemployment
_xEffect of inflation on
_zUnited States
_xHistory
_y21st century.
650 0 _aKeynesian economics.
651 0 _aUnited States
_xEconomic policy
_y2009-
700 1 _aCynamon, Barry Z.,
_d1984-
_eeditor.
700 1 _aFazzari, Steven M.,
_eeditor.
700 1 _aSetterfield, Mark,
_d1967-
_eeditor.
700 1 _aKuttner, Robert,
_ewriter of foreword.
776 0 8 _iPrint version:
_z9781107015890
856 4 0 _uhttps://doi.org/10.1017/CBO9781139059589
942 _2ddc
_cEB
999 _c10052
_d10052