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The Global Crisis of 2008 and Keynes's General Theory

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The Global Crisis of 2008 and Keynes's General Theory/ by Fikret Čaušević.
Author:	Čaušević, Fikret.
Description:	XII, 99 p. 17 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Economic history. -
Online resource:	https://doi.org/10.1007/978-3-319-11451-4
ISBN:	9783319114514

The Global Crisis of 2008 and Keynes's General Theory
Čaušević, Fikret.

The Global Crisis of 2008 and Keynes's General Theory[electronic resource] /by Fikret Čaušević. - 1st ed. 2015. - XII, 99 p. 17 illus.online resource. - SpringerBriefs in Economics,2191-5504. - SpringerBriefs in Economics,.

Economic Theory and Economic Policy Since the Seventies: Keynesians versus New Classical Economists -- The General Theory of Employment, Interest and Money: An Overview with Commentary -- Impact of Financial Globalization on the Scope of Economic Theory and Policy.

This book describes the international context and some of the factors that have weakened the influence of Keynesian economic thought. It illustrates economic responses offered by the new Keynesian school and the alternative perspective on the global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his analysis of the change in the structure of costs, and straightforward recommendation for a policy marked by very low interest, which he felt was needed to maintain full employment. Additionally, the book discusses major changes in the cost structure of globally active companies, resulting from the extremely intense international capital flows over the last three decades. The authors point out the need to redefine the open economy macroeconomics model, switching it from a world consisting of two major developed open economies to one consisting of two major open economies, one of which is developed and the other is developing.

ISBN: 9783319114514

Standard No.: 10.1007/978-3-319-11451-4doiSubjects--Topical Terms:

557541
Economic history.

LC Class. No.: HC10-1085

Dewey Class. No.: 330.1509

The Global Crisis of 2008 and Keynes's General Theory
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