The Great Recession : Market Failure or Policy Failure?
Book Details
Format
Paperback / Softback
Book Series
Studies in Macroeconomic History
ISBN-10
1107459605
ISBN-13
9781107459601
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 30th, 2014
Print length
400 Pages
Weight
630 grams
Dimensions
22.90 x 15.30 x 2.40 cms
Product Classification:
Monetary economicsEconomic & financial crises & disasters
Ksh 6,250.00
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The 2008–9 recession destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations, reviving credit-cycle explanations of recession that dominated nineteenth- and early twentieth-century thinking. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation.
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