Keynesian Reflections: Effective Demand, Money, Finance, and Policies in the Crisis

by Maria Cristina Marcuzzo, Perry G. Mehrling, Toshiaki Hirai

The global financial crisis, which began in August 2007 and continues with no end in sight, has thrown macroeconomics into turmoil. This book challenges the current mainstream macroeconomic tradition, rejecting the view that whatever shock hits the economy, the response is an automatic and rapid move towards market equilibrium that pulls the economy out of any kind of difficult situation.

Engaging with the structural problems of our times,...

• Format: Hardcover
• Language: English
• ISBN: 0198092113
• ISBN13: 9780198092117
• Release Date: May 2013
• Publisher: Oxford University Press, USA
• Length: 352 Pages
• Weight: 1.20 lbs.
• Dimensions: 1.3" x 5.7" x 8.5"