Coverart for item
The Resource How the economy works : confidence, crashes and self-fulfilling prophecies, Roger E. A. Farmer

How the economy works : confidence, crashes and self-fulfilling prophecies, Roger E. A. Farmer

Label
How the economy works : confidence, crashes and self-fulfilling prophecies
Title
How the economy works
Title remainder
confidence, crashes and self-fulfilling prophecies
Statement of responsibility
Roger E. A. Farmer
Creator
Subject
Language
eng
Summary
""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 long-standing idea that an economy was a self-correcting mechanism, but his school gave way 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 individuals behave - 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."--Jacket
Cataloging source
DLC
http://library.link/vocab/creatorName
Farmer, Roger E. A
Dewey number
339
Illustrations
illustrations
Index
index present
LC call number
HB95
LC item number
.F37 2010
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Free enterprise
  • Monetary policy
  • Economic policy
Label
How the economy works : confidence, crashes and self-fulfilling prophecies, Roger E. A. Farmer
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Classical economics -- The impact of Keynes on the world economy -- Where the Keynesians lost their way -- The rational expectations revolution -- How central banks impact your life -- Why unemployment persists -- Why the stock market matters to you -- Will there be another great depression? -- Will monetary and fiscal policy work? -- How to solve a financial crisis
Control code
430192642
Dimensions
22 cm
Extent
xiv, 193 pages
Isbn
9780195397918
Isbn Type
(cloth : alk. paper)
Lccn
2009032289
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)430192642
Label
How the economy works : confidence, crashes and self-fulfilling prophecies, Roger E. A. Farmer
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Classical economics -- The impact of Keynes on the world economy -- Where the Keynesians lost their way -- The rational expectations revolution -- How central banks impact your life -- Why unemployment persists -- Why the stock market matters to you -- Will there be another great depression? -- Will monetary and fiscal policy work? -- How to solve a financial crisis
Control code
430192642
Dimensions
22 cm
Extent
xiv, 193 pages
Isbn
9780195397918
Isbn Type
(cloth : alk. paper)
Lccn
2009032289
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)430192642

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