Share

The Illusion of Economic Stability

2017-07-12 Business & Economics
Download The Illusion of Economic Stability PDF Online Free

Author :
Release : 2017-07-12
Genre : Business & Economics
Kind : eBook
Book Rating : 029/5 ( reviews)

GET EBOOK


Book Synopsis The Illusion of Economic Stability by : Eli Ginzberg

Download or read book The Illusion of Economic Stability written by Eli Ginzberg. This book was released on 2017-07-12. Available in PDF, EPUB and Kindle. Book excerpt: In one of the foremost critiques of the widespread view that in market-based economics the fluctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse. He asserts that government regulation or intervention to provide stability in the capitalist marketplace is a necessity. In this classic statement of macroeconomic theory, Ginzberg argues that self-directed stable economies, devoid of an appreciation of social and psychological factors, are essentially illusory. The ability of strong blocs--corporate, labor, and agricultural--to control the market in the hope of bettering their economic position places great difficulties in the path of securing a stable economy. For Ginzberg, economic fluctuations in the decade preceding the Great Depression can largely be explained by the interaction of technological, psychological, and monetary factors. Without these factors being subjected to some sort of control, economic stability must remain an illusion. The current period of a significant fall-off in earnings, profits, and full employment also followed a decade of unparalleled monetary growth. The concerns Ginzberg raised are relevant once again. It may turn out that the "neoliberalism" of the present has something to say in response to the free market/free society premises currently in vogue. In a brilliant introductory essay, Nobel Laureate Robert M. Solow offers an impressive report card on The Illusion of Economic Stability: "The prose is tighter and more aphoristic than late Ginzberg, and the tone is more detached, even sardonic." He concludes by admitting that a volatile stock market is one more reason why automatic economic stability seems as illusory today as it did when the book first appeared.

The Energy Illusion and Economic Stability

1989-07-10 Business & Economics
Download The Energy Illusion and Economic Stability PDF Online Free

Author :
Release : 1989-07-10
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Energy Illusion and Economic Stability by : Hui-Liang Tsai

Download or read book The Energy Illusion and Economic Stability written by Hui-Liang Tsai. This book was released on 1989-07-10. Available in PDF, EPUB and Kindle. Book excerpt: The result of a massive study by the author of the effects of energy and energy shocks on the world economy, the volume is organized around the theme that energy is an integral feature of the economy and that any interpretation of short-term movements in economic activity is likely to be seriously at fault if it neglects energy supply changes and their repercussions. The author takes both an historical and theoretical approach to the subject, providing students and scholars of energy economics and political economy with a logical framework within which key worldwide energy issues and problems can be analyzed.

The Money Illusion

2023-05-06 Business & Economics
Download The Money Illusion PDF Online Free

Author :
Release : 2023-05-06
Genre : Business & Economics
Kind : eBook
Book Rating : 562/5 ( reviews)

GET EBOOK


Book Synopsis The Money Illusion by : Scott Sumner

Download or read book The Money Illusion written by Scott Sumner. This book was released on 2023-05-06. Available in PDF, EPUB and Kindle. Book excerpt: The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.

Economic Complexity and Equilibrium Illusion

2016-09-29 Business cycles
Download Economic Complexity and Equilibrium Illusion PDF Online Free

Author :
Release : 2016-09-29
Genre : Business cycles
Kind : eBook
Book Rating : 847/5 ( reviews)

GET EBOOK


Book Synopsis Economic Complexity and Equilibrium Illusion by : Associate Researcher at the Prigogine Center for Statistical Mechanics & Complex Systems Ping Chen

Download or read book Economic Complexity and Equilibrium Illusion written by Associate Researcher at the Prigogine Center for Statistical Mechanics & Complex Systems Ping Chen. This book was released on 2016-09-29. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. They are selected from works completed since 1987, integrating different insights from Marx, Marshall, Schumpeter and Keynes.

Stability of the Financial System

2013-01-01 Business & Economics
Download Stability of the Financial System PDF Online Free

Author :
Release : 2013-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 843/5 ( reviews)

GET EBOOK


Book Synopsis Stability of the Financial System by : Andreas R. Dombret

Download or read book Stability of the Financial System written by Andreas R. Dombret. This book was released on 2013-01-01. Available in PDF, EPUB and Kindle. Book excerpt: ÔFinancial stability is necessary. To achieve this common target an on-going dialogue is required between industry, policymakers, academia and other relevant stakeholders. This book provides a welcome and refreshing perspective from different standpoints on the issues at stake, and reminds us of the remaining work ahead.Õ Ð Axel Weber, Chair of Supervisory Board, UBS ÔSince 2008, financial stability has moved to the center of the policy stage. This volume, combining contributions from leading policy makers and academics, is the essential introduction to the issues. Must reading.Õ Ð Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley, US ÔThere was a world BC (Before Crisis) and there will be a world AD (After Deleveraging) Ð the challenge is to create an effective, efficient yet stable and sustainable financial system for this Ònew worldÓ. This book provides the most comprehensive and thought-provoking basis for action I have seen so far.Õ Ð Paul Achleitner, Chair of Supervisory Board Deutsche Bank AG ÔFinancial stability is an overarching goal. In open and democratic societies, ensuring financial stability is a matter of interest not only to central bankers, academics and financial market players, but also to all well-informed citizens. This book provides an excellent basis for a wide-ranging and rewarding debate.Õ Ð Thomas J. Jordan, Chairman of the Governing Board of the Swiss National Bank ÔThe financial crisis demonstrated conclusively that for central bankers and other policymakers financial stability must always be of paramount concern, for without it the macroeconomy will perform badly and monetary policy will lose its effectiveness. This book underscores the importance of financial stability, laying out the key issues and what must be done to avoid such disasters in the future.Õ Ð William C. Dudley, President of the Federal Reserve Bank of New York, US In the aftermath of the financial crisis, new financial market regulation is being implemented, and increasing numbers of countries are establishing new legislation for macroprudential oversight. Against this backdrop, this thought provoking book provides a platform for the leading international experts to discuss and encourage future debate on financial stability. The breadth and scope of the issues addressed reflect the challenge of developing and consistently implementing a coherent set of financial reforms to promote financial stability. The book advocates the development of financial reforms that are effective in striking the optimal balance between realizing the enormous benefits of efficient financial intermediation, capital allocation and risk management on the one hand, and controlling systemic risks and maintaining financial stability on the other. Making an important contribution to deepening our understanding of the many facets of financial stability, this book will prove a challenging read for policy makers, regulators and central bankers as well as for researchers and scholars in the fields of economics, money, finance and banking.

You may also like...