How the Economy Works Confidence, Crashes and Self-Fulfilling Prophecies

Name: How the Economy Works Confidence, Crashes and Self-Fulfilling Prophecies
Price: 2.54 USD
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ISBN: 9780195397918

ISBN-10: 0195397916

ISBN-13: 9780195397918

Edition: 2010

Authors: Roger E. A. Farmer

List price: $28.99

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" the editors of The Economist recently observed, " 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…

Book details

List price: $28.99
Copyright year: 2010
Publisher: Oxford University Press, Incorporated
Publication date: 4/8/2010
Binding: Hardcover
Pages: 208
Size: 5.80" wide x 8.30" long x 0.80" tall
Weight: 0.836
Language: English

Roger Farmer is Assistant Professor of Economics at the University of Pennsylvania.



Preface



Introduction



Classical Economics



Keynes and the World Economy



Where the Keynesians Lost Their Way



The Rational Expectations Revolution



How Central Banks Impact Your Life



Why Unemployment Persists



Why the Stock Market Matters to You



Will There be Another Great Depression?



Will Monetary and Fiscal Policy Work?



How to Solve a Financial Crisis


Glossary


Notes