Financial Instability and Economic Security after the Great Recession

Buch | Hardcover

240 Seiten

2011
Edward Elgar Publishing Ltd (Verlag)
978-0-85793-483-3 (ISBN)

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This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options - and challenges - than conventional economics presents. Building on the pioneering work of Thorstein Veblen, John R. Commons and John Maynard Keynes, the authors synthesize key insights from Institutional and Post Keynesian economics into Post-Keynesian Institutionalism. Then they use that framework to explore an array of economic problems confronting the United States and the world. Inspired by the work of Hyman Minsky, the authors place financial relations at the center of their analysis of how economies operate and change over time.

Students and scholars of macroeconomics and public policy will find this book of interest, as will a wider audience of financial analysts, policy makers and citizens interested in understanding economic booms and downturns.

Edited by Charles J. Whalen, Research Fellow, The Baldy Center for Law and Social Policy, University at Buffalo, Buffalo, NY, US

Contents:

Preface

Introduction: Instability, Prosperity and Economics After the Great Recession
Charles J. Whalen

PART I: FOUNDATIONS
1. Subverting Say’s Law: Harlan McCracken and the Commons-Keynes Connection
Steven Kates

2. Towards a Synthesis of Institutional and Post Keynesian Economics
W. Robert Brazelton and Charles J. Whalen

3. Futurity: Cornerstone of Post-Keynesian Institutionalism
Glen Atkinson and Charles J. Whalen

PART II: THE AMERICAN ECONOMY
4. Understanding and Preventing Financial Instability: Post-Keynesian Institutionalism and Government as Employer of Last Resort
Fadhel Kaboub

5. Towards a More Rapid Recovery: Incorporating Subsidiarity into Macroeconomic Policy
David A. Zalewski and Charles J. Whalen

6. Financial Stability, Regulatory Buffers and Economic Growth After the Great Recession: Some Regulatory Implications
Éric Tymoigne

PART III: THE GLOBAL ECONOMY
7. Regulating for Stability: Bank Capitalization and the Emergence of an International Lender of Last Resort
Jan Toporowski

8. Evolution Without Fundamental Change: The Washington Consensus on Economic Development and its Significance for Post-Keynesian Institutionalism
John Marangos and Charles J. Whalen

9. Money-manager Capitalism, Capital Flows and Development in Emerging Market Economies: A Post-Keynesian Institutionalist Analysis
Yan Liang

PART IV: CONCLUSION
10. The Future of Post-Keynesian Institutionalism
Charles J. Whalen

Index

Erscheint lt. Verlag	31.10.2011
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-85793-483-X / 085793483X
ISBN-13	978-0-85793-483-3 / 9780857934833
Zustand	Neuware