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Money in a Free Society Keynes, Friedman, and the New Crisis in Capitalism

Name: Money in a Free Society
Author: Tim Congdon

Auteur: Tim Congdon

Taal: Engels

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Auteur: Tim Congdon

Engels
Hardcover
9781594035241
15 december 2011
486 pagina's

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Samenvatting

In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called Great Moderation ), with steady growth and low inflation. But the period since mid-2007 ( the Great Recession ) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other leading nations? Which ideas about economic policy have proved right? And which have been wrong? Money in a Free Society contains 18 provocative essays on these questions from Tim Congdon, an influential economic adviser to the Thatcher government in the UK and one of the world's leading monetary commentators. Congdon argues that academic economists and policy-makers have betrayed the intellectual legacy of both Keynes and Friedman. These two great economists believed -- if in somewhat different ways -- in the need for steady growth in the quantity of money. But Keynes has been misunderstood as advocating big rises in public spending and large budget deficits as the only way to defeat recession. That has led under President Obama to an unsustainable explosion in American public debt. Meanwhile the Fed has ignored extreme volatility in the rate of money growth, contrary to the central message of Friedman's analytical work. In his 1923 Tract on Monetary Reform Keynes said, The Individualistic Capitalism of today, precisely because it entrusts saving to the individual investor and production to the individual employer, presumes a stable measuring-rod of value, and cannot be efficient--perhaps cannot survive--without one. In Money in a Free Society Congdon calls for a return to stable money growth and sound public finances, and argues that these remain the best answers to the problems facing modern capitalism.

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Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 15 december 2011
Aantal pagina's: 486
Illustraties: Nee

Betrokkenen

Hoofdauteur: Tim Congdon
Hoofduitgeverij: Encounter Books,Usa

Overige kenmerken

Extra groot lettertype: Nee
Studieboek: Nee
Verpakking breedte: 152 mm
Verpakking hoogte: 228 mm
Verpakking lengte: 228 mm
Verpakkingsgewicht: 850 g

EAN

EAN: 9781594035241

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Categorieën: Economie & Financiën

Managementboeken

Economie

Macro-economie

Boeken
Studieboek of algemeen: Studieboeken
Taal: Engels
Boek, ebook of luisterboek?: Boek
Beschikbaarheid: Leverbaar

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