Cantitate/Preț
Produs

How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies

De (autor)
Notă GoodReads:
en Limba Engleză Carte Paperback – 29 May 2014
"Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gaveway to a resurgence of classical economics in the 1970s—-a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individualsbehave—-how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning.Recent events have shown that we cannot afford to treat economics as an ivory-tower abstraction. It has a direct impact on our lives by guiding regulators and policymakers as they make decisions with far-reaching practical consequences. Written in clear, accessible language, How the Economy Works makes an argument that no one should ignore.
Citește tot Restrânge

Preț: 5887 lei

Preț vechi: 6593 lei
-11%

Puncte Express: 88

Preț estimativ în valută:
1178 1325$ 1018£

Carte tipărită la comandă

Livrare economică 16-20 mai
Livrare express 01-08 mai pentru 5951 lei

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780199360307
ISBN-10: 0199360308
Pagini: 216
Dimensiuni: 143 x 210 x 13 mm
Greutate: 0.30 kg
Editura: Oxford University Press
Colecția OUP USA
Locul publicării: New York, United States

Notă biografică

Roger E. A. Farmer is Professor and Chair of the Economics Department at UCLA. The author of six books and numerous journal articles, he is a Research Associate of the National Bureau of Economic Research and of the Centre for Economic Policy Research. He has served as a consultant to the Federal Reserve Bank of Atlanta, the Reserve Bank of Australia, the European Central Bank and the Bank of England. He is a contributor to the Financial Times Economists' Forum and,in 2000, received the University of Helsinki medal in recognition of his work.