Economic instability and stabilization policy : on the path from crises to state directed economies

Author(s)

Bibliographic Information

Economic instability and stabilization policy : on the path from crises to state directed economies

Ralf Pauly

Springer, c2021

Other Title

Ökonomische Instabilität und staatliche Stabilisierung : auf dem Weg der Krisen zum Staatskapitalismus

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Note

Revised and expanded version of the second German edition, 2018

Includes bibliographical references

Description and Table of Contents

Description

This book pleads for a new orientation of government economic policy, as well as central bank policy, rejecting the traditional government stabilization policy that leads to a dead-end of economic instability and social inequality in the long run. Growing economic instability and increasing state stabilization characterize the development of the capitalist market economy since the major world economic crises of the last century. The book examines these crises and the measures states take to overcome them. Additionally, it addresses the effectiveness and consequences of state intervention. In presenting the main features of Keynes' and Minsky's macroeconomics, the book provides a conceptual basis for an outlook on government stabilization in a changing market economy. It thus also offers a suitable framework for current economic policy discussions. Finally, the book examines the wider context of economic history for lessons to be learned. This book is a must-read for scholars and students of economics, as well as policy-makers and practitioners, interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention.

Table of Contents

Preface.- Chapter 1. Introduction: views on economic crises in the 21st century.- Chapter 2. A review of the history of the economy and its concepts: change is a constant.- Chapter 3. Keynes' and Minsky's macroeconomics.- Chapter 4. Outlook on the transformation of the market economy and its stabilization.- Chapter 5. Conclusion: changing economic policies.- References.

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Details

  • NCID
    BC09789138
  • ISBN
    • 9783658336257
  • Country Code
    gw
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Original Language Code
    ger
  • Place of Publication
    Wiesbaden
  • Pages/Volumes
    xvii, 221 p.
  • Size
    25 cm
  • Classification
  • Subject Headings
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