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The Global Financial Crisis

What Have We Learnt? Edited by Steven Kates, Associate Professor of Economics, School of Economics, Finance and Marketing, RMIT University, Melbourne, Australia
The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives – which are themselves critically examined – this study analyses the measures that have been taken to restore our economies to acceptable rates of unemployment and growth.
Extent: 256 pp
Hardback Price: $126.00 Web: $113.40
Publication Date: 2011
ISBN: 978 0 85793 422 2
Availability: In Stock
Paperback Price: $50.00 Web: $40.00
Publication Date: 2013
ISBN: 978 0 85793 605 9
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  • Economics and Finance
  • Financial Economics and Regulation
  • Money and Banking
  • Post-Keynesian Economics
The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives – which are themselves critically examined – this study analyses the measures that have been taken to restore our economies to acceptable rates of unemployment and growth.

This book brings together economists, all of whom are from outside the mainstream and who collectively represent the broadest range of views from across the entire spectrum of economic opinion, to examine what has been learnt from this experience. With the advent of this challenging new work, these alternative perspectives should now receive a far closer examination given the unmistakable economic failures endured over the past few years.

Written in an accessible manner, this book will appeal to economists, economic policy-makers and students of economics and public policy who are trying to look at alternative ways of understanding why the Global Financial Crisis (GFC) occurred and what ought to have been the appropriate response. Anyone who is genuinely interested in the causes of the GFC, and why the policies that were adopted failed to bring about the recovery that was intended, will find this book a fascinating read.
Contributors: P.J. Boettke, T. Congdon, H. Hanusch, S.G. Horwitz, S. Kates, S. Keen, J.E. King, M.K. Lewis, W.J. Luther, R.E. Prasch, M. Ricketts, R. Signorino, D.J. Smith, N.A. Snow, F. Wackermann, C.J. Whalen, L.R. Wray
Contents:

Introduction
Steven Kates

1. Been There Done That: The Political Economy of Déjà Vu
Peter J. Boettke, Daniel J. Smith and Nicholas A. Snow

2. Traditional Monetary Economics vs Keynesianism, Creditism and Base-ism
Tim Congdon

3. Can a Progressive Capital Gains Tax Help Avoid the Next Crisis? Public Sector Governance in a Comprehensive Neo-Schumpeterian System
Horst Hanusch and Florian Wackermann

4. The Great Recession and its Aftermath from a Monetary Equilibrium Theory Perspective
Steven G. Horwitz and William J. Luther

5. Policy in the Absence of Theory: The Coming World of Political Economy without Keynes
Steven Kates

6. Hindsight on the Origins of the Global Financial Crisis?
Steve Keen

7. Four Theses on the Global Financial Crisis
J.E. King

8. Monetary Policies During the Financial Crisis: An Appraisal
Mervyn K. Lewis

9. After the Crash of 2008: Financial Reform in an Age of Plutocracy
Robert E. Prasch

10. The New Institutional Economics and the Global Financial Crisis
Martin Ricketts

11. Economics in the Mirror of the Financial Crisis
Rodolfo Signorino

12. Human Resources: The Key to Institutional Economics after the Great Recession
Charles J. Whalen

13. What Should a Financial System Do? Minskian Lessons from the Global Financial Crisis
L. Randall Wray

Index