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How the Economy Works: Confidence, Crashes and Self-Fulfillin
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eBay item number:386318872937
Item specifics
- Condition
- ISBN-13
- 9780199360307
- Book Title
- How the Economy Works
- ISBN
- 9780199360307
- Publication Year
- 2014
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies
- Item Height
- 210mm
- Publisher
- Oxford University Press
- Item Width
- 143mm
- Subject
- Economics
- Item Weight
- 301g
- Number of Pages
- 216 Pages
About this product
Product Information
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 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.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.
Product Identifiers
Publisher
Oxford University Press
ISBN-13
9780199360307
eBay Product ID (ePID)
201556243
Product Key Features
Publication Name
How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies
Format
Paperback
Language
English
Subject
Economics
Publication Year
2014
Type
Textbook
Number of Pages
216 Pages
Dimensions
Item Height
210mm
Item Width
143mm
Item Weight
301g
Additional Product Features
Country/Region of Manufacture
United States
Item description from the seller
Business seller information
Value Added Tax Number:
- GB 324767388
Seller assumes all responsibility for this listing.
eBay item number:386318872937
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