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After the great recession : the struggle for economic recovery and growth

Author: Barry Z Cynamon; Steven M Fazzari; Mark Setterfield
Publisher: Cambridge : Cambridge University Press, 2013.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
"The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From  Read more...
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Genre/Form: History
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Barry Z Cynamon; Steven M Fazzari; Mark Setterfield
ISBN: 9781107015890 1107015898
OCLC Number: 783520974
Description: xvii, 340 pages : illustrations ; 24 cm
Contents: Part One. Introduction and Overview: 1. Understanding the great recession / Barry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield; 2. America's exhausted paradigm: macroeconomic causes of the financial crisis and great recession / Thomas I. Palley --
Part Two. Emergence of Financial Instability: 3. Minsky's money manager capitalism: assessment and reform / L. Randall Wray; 4. Trying to serve two masters: the dilemma of financial regulation / Jan Kregel; 5. How bonus-driven 'rainmaker' financial firms enrich top employees, destroy shareholder value, and create systemic financial instability / James Crotty --
Part Three. Household Spending and Debt: Source of Past Growth-Seeds of Recent Collapse: 6. The end of the consumer age / Barry Z. Cynamon and Steven M. Fazzari; 7. Wages, demand and U.S. macroeconomic travails: diagnosis and prognosis / Mark Setterfield --
Part Four. Global Dimensions of U.S. Crisis: 8. Global imbalances and U.S. trade in the great recession and its aftermath / Robert A. Blecker --
Part Five. Economic Policy after the Great Recession: 9. Confronting the Kindleberger moment: credit, fiscal, and regulatory policy to avoid economic disaster / Gerald Epstein; 10. Fiscal policy: the recent record and lessons for the future / Dean Baker; 11. No need to panic about U.S. government deficits / Barry Z. Cynamon and Steven M. Fazzari; 12. Fiscal policy for the great recession and beyond / Pavlina R. Tcherneva --
Part Six. The Way Forward: 13. Demand, finance, and uncertainty beyond the great recession / Barry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield.
Responsibility: edited by Barry Z. Cynamon Washington University in St. Louis, Steven M. Fazzari Washington University in St. Louis, Mark Setterfield Trinity College, CT ; foreword by Robert Kuttner.
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A collection of essays about the US Great Recession of 2007 to 2009 and the subsequent stagnation from prominent scholars.  Read more...

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'It has come as a shock to some that decades of relative economic stability could end with the calamity of the Great Recession and continued economic stagnation. Yet, many economists did see the Read more...

 
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