Epic Recession

Author : Jack Rasmus
Publisher : Pluto Press (UK)
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.36/5 ( download)

DOWNLOAD NOW!

Download or read book Epic Recession written by Jack Rasmus and published by Pluto Press (UK). This book was released on 2010-08-15 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Epic Recession explains the origins and future direction of the current economic crisis, and the relationships between the banking system's breakdown and the economy in general. Jack Rasmus describes how Epic Recession is highly resistant to traditional fiscal and monetary policy solutions and requires major structural changes in the economy in order to check and contain. The book analyzes in depth the origins and causes of Epic Recession—revealing its roots in corporate and government policies and fundamental structural changes in U.S. capitalist economy since the early 1980s. Epic Recession explains how the current economic crisis is similar to, and simultaneously different from, both the Great Depression of 1929-1934 and post-1945 recessions in the U.S. It categorizes Epic Recessions in two dominant forms: ‘Type I’ and ‘Type II’: The former similar to events of 1907-1914; the latter to events of 1929-1931. Rasmus argues today’s current crisis is evolving into a ‘Type I’, but has the potential for transforming into a ‘Type II’ and that 2011-2013 will be a critical period for determining which type will prevail. Epic Recession further provides a detailed critique of both George W. Bush and Obama administration recovery programs, in both their monetary and fiscal dimensions, and assesses why they have fared poorly thus far in resolving the crisis. The book concludes by presenting a full, thorough alternative program necessary for recovery.

Author : Óscar Dejuán
Publisher : Edward Elgar Publishing
ISBN 13 : 1849807469
Total Pages : 273 pages
Book Rating : 4.63/5 ( download)

DOWNLOAD NOW!

Download or read book The First Great Recession of the 21st Century written by Óscar Dejuán and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008-10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in the book utilise several alternative paradigms to provide a plausible explanation and a credible cure. This book provides this important analysis in great detail and from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices. Thirteen insightful chapters by eminent scholars investigate the background of the crisis and draw lessons for economic theory and policy. They largely illustrate that the roots of the recession lie in the financial sector which, over the past few decades, has expanded considerably in terms of both size and complexity. They show that financial innovation has decoupled the real and financial sectors - not always to the benefit of economic stability - and argue that financial markets should be regulated more astutely in order to reinforce transparency and accountability. The book concludes that economics as a science should give proper weight to financial variables and integrate them into its models.

Author : Kate Riggs
Publisher : Creative Education
ISBN 13 : 9781682772676
Total Pages : pages
Book Rating : 4.75/5 ( download)

DOWNLOAD NOW!

Download or read book The Great Recession written by Kate Riggs and published by Creative Education. This book was released on 2023 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Teens explore the history of the Great Recession from a journalistic viewpoint to understand the causes of the decline and its effect on the worldwide economy"--

Author : Hillel Ticktin
Publisher : Routledge
ISBN 13 : 1317985613
Total Pages : 226 pages
Book Rating : 4.17/5 ( download)

DOWNLOAD NOW!

Download or read book Marxism and the Global Financial Crisis written by Hillel Ticktin and published by Routledge. This book was released on 2013-09-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the nature of Marxist theory of crisis and applies it to the global financial crisis which began in 2007. Is the contemporary crisis simply the usual periodic upturn and downturn or is there something more fundamental? Is there a structural crisis of capitalism, from which there is no immediate solution? Is capitalism managed and does it have a strategy? Is the financial crisis representative of a failure in capitalism itself to subject banks and other financial institutions to the overall economy? The book discusses Marx’s view on crises, as well as ideas on money and finance. It considers the different modern Marxist ideas on the causes of crises – falling rate of profit, disproportionality and underconsumption. It goes into detail as to the nature of the present crisis, its course and causes in a spirited and independent manner. Apart from the United States, it considers the situation in the two countries, in which protests erupted: Iran and Greece. They are taken as examples of the effect of the crisis on the country, the society and the economy as well as its politics. This book was originally published as a special issue of Critique.

Author : Dr, Jack Rasmus
Publisher : SCB Distributors
ISBN 13 : 0986076937
Total Pages : 200 pages
Book Rating : 4.30/5 ( download)

DOWNLOAD NOW!

Download or read book Systemic Fragility in the Global Economy written by Dr, Jack Rasmus and published by SCB Distributors. This book was released on 2016-01-08 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as contemporary economics failed to predict the 2008-09 crash, and over-estimated the subsequent brief recovery that followed, economists today are again failing to accurately forecast the slowing global economic growth, the growing fragility, and therefore rising instability in the global economy. This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery. Expanding upon the early contributions of Keynes, Minsky and others, it offers an alternative explanation why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed, and why the next crisis may therefore prove even worse than that of 2008- 09. Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labor markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies. It results from financial, consumer, and government balance sheet fragilities exacerbating each other -- creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility. It explains why the global system has in recent decades become dependent upon, and even addicted to, massive liquidity injections, and how fiscal policies have been counterproductive, exacerbating fragility and instability. Policymakers’ failure to come to grips with how fundamental changes in the structure of the 21st century global capitalist economy—in particular in financial and labor market structures—make the global economy more systemically fragile can only propel it toward deeper instability and crises.

Author : Michael S. H. Heng
Publisher : World Scientific
ISBN 13 : 9814313408
Total Pages : 285 pages
Book Rating : 4.07/5 ( download)

DOWNLOAD NOW!

Download or read book The Great Recession written by Michael S. H. Heng and published by World Scientific. This book was released on 2010 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with the 2008 financial crisis and the recession. This book takes the real economy as the starting point and situates the downturn within the societal context over the last several decades.

Author : Howard J Sherman
Publisher : Routledge
ISBN 13 : 1317454731
Total Pages : 208 pages
Book Rating : 4.31/5 ( download)

DOWNLOAD NOW!

Download or read book The Roller Coaster Economy written by Howard J Sherman and published by Routledge. This book was released on 2015-07-17 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by one of the foremost experts on the business cycle, this is a compelling and engaging explanation of how and why the economic downturn of 2007 became the Great Recession of 2008 and 2009. Author Howard Sherman explores the root causes of the cycle of boom and bust of the economy, focusing on the 2008 financial crisis and the Great Recession of 2008-2009. He makes a powerful argument that recessions and the resulting painful involuntary unemployment are inherent in capitalism itself. Sherman clearly illustrates the mechanisms of business cycles, and he provides a thoughtful alternative that would rein in their destructive effects.

Author : Richard Westra
Publisher : Routledge
ISBN 13 : 1317935535
Total Pages : 283 pages
Book Rating : 4.37/5 ( download)

DOWNLOAD NOW!

Download or read book The Future of Capitalism After the Financial Crisis written by Richard Westra and published by Routledge. This book was released on 2014-12-17 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity contains thirteen world leading political economists writing from within eight different countries who critically analyze the current crisis tendencies of capitalism both globally and in particular countries. Given the likelihood of an increasingly crisis prone future for capitalism, it is important not only to rethink capitalism in its current manifestations or varieties. It is also important to rethink research methods and conceptual frameworks in preparation for understanding an increasingly rocky future in which capitalism itself could go the way of the many species that in the past were endangered only to become extinct. More and more titles of books and articles are suggesting that capitalism or perhaps civilization itself is endangered if we do not make radical changes in the near future. This book breaks with academic path dependency and attempts to open new vistas of political economy and of multidisciplinary analysis that are crucially important if our thought processes are to be effective in a world in jeopardy. The varieties of capitalism (VoC) debate itself came into being as the Soviet Union unraveled. It drew in scholarship from a cross-section of Marxian and heterodox political economy. The key argument of VoC was that if capitalism was the only global option then those on the Left must get involved in policy discussions on how capitalist economies can be fashioned to become competitive as well as progressive. However, the financial crisis has seen policy across the advanced economies veer toward competitiveness coupled with austerity. The lesson for the Left is that alternatives to capitalism must be sought in the here and now.

Author : Sebastiano Fadda
Publisher : Routledge
ISBN 13 : 1135014094
Total Pages : 225 pages
Book Rating : 4.94/5 ( download)

DOWNLOAD NOW!

Download or read book Institutions and Development After the Financial Crisis written by Sebastiano Fadda and published by Routledge. This book was released on 2013-10-30 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crash of 2007-2008 and the subsequent global economic crisis have raised questions about the viability of capitalism and the desirability of alternative types of economic system. In this context, Keynesian and Marxist ideas in particular have become more popular. These two approaches, along with some other heterodox perspectives, agree on the need for institutional analysis and for better institutions and governance in order to promote economic development. This volume poses fundamental institutional, evolutionary and ontological questions relating to the emergence of a new mode of governance after the financial crisis. The book argues that, contrary to the recent austerity policies implemented in the EU in particular, a new level of government involvement is required in order to keep aggregate demand stable, make full employment possible, and create a transparent financial sector, serving the real economy and encouraging productive investments. This book will be of interest to students, researchers and policy makers working in the areas of finance, institutional economics, development economics and international political economy.

Author : Jack Rasmus
Publisher : Clarity Press
ISBN 13 : 9780986076947
Total Pages : 0 pages
Book Rating : 4.45/5 ( download)

DOWNLOAD NOW!

Download or read book Systemic Fragility in the Global Economy written by Jack Rasmus and published by Clarity Press. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labour markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies. It results from financial, consumer, and government balance sheet fragilities exacerbating each other, creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility.