Prosperity For All
How To Prevent Financial Crises
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9 251 Ft
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
Not in stock at Prospero.
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Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP USA
- Date of Publication 27 September 2018
- ISBN 9780190922405
- Binding Paperback
- No. of pages296 pages
- Size 130x203x15 mm
- Weight 318 g
- Language English 0
Categories
Short description:
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. Written in clear, accessible language by prominent macroeconomic theorist Roger Farmer, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.
MoreLong description:
In this important and provocative reassessment of the causes and consequences of economic downturns and stagnation, Roger Farmer argues that the central problem is recurring and debilitating crises of confidence in the stock market. The instability caused by the animal spirits creates unemployment and disruptions that have long-term effects. To create stability Farmer proposes that governments intervene in asset markets in a manner similar to the recent behavior of central banks. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.
The book is well written and will be of interest to economists who are looking for new
ways to think about macroeconomics." - Journal of Economic Literature
Table of Contents:
Chapter 1: Prosperity for All
Chapter 2: Keynes Betrayed
Chapter 3: The Demise of the Natural Rate Hypothesis
Chapter 4: Let's Stop Pretending that Unemployment is Voluntary
Chapter 5: Five Problems with New Keynesian Economics
Chapter 6: Why Unemployment Persists
Chapter 7: Wall Street and Main Street
Chapter 8: The New Keynesian Model Explained
Chapter 9: The Farmer Monetary Model Explained
Chapter 10: Keynesian Economics without the Consumption Function
Chapter 11: How to Prevent Financial Crises
