AFTER THE GREAT RECESSION by Barry Z. Cynamon (Editor), Steven M. Fazzari (Editor), Mark Setterfield (Editor) ( 9781107015890 )

Item Details

Title:

AFTER THE GREAT RECESSION
THE STRUGGLE FOR ECONOMIC RECOVERY AND GROWTH

By:

Barry Z. Cynamon (Editor), Steven M. Fazzari (Editor), Mark Setterfield (Editor)

Format:

Hardback

List price:	£90.99
We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10:

1107015898

ISBN 13:

9781107015890

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

30 November, 2012

Pages:

354

Description:

A collection of essays about the US Great Recession of 2007 to 2009 and the subsequent stagnation from prominent scholars.

Synopsis:

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.

Illustrations:

19 b/w illus. 15 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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