SOMEBODY TO CHARGE A SOLUTION TO RECESSIONS? LEMIEUX P. Księgarnia

This book asks a fundamental question, that is, whether "somebody in charge" could have prevented or solved the problem leading up to our current financial crisis.

This book explores and answers that question from a scholarly and academic economic viewpoint.

PIERRE LEMIEUX is a Research Fellow at The Independent Institute, Professor of Economics at the Université du Québec en Outaouais (Canada), and co-chairman of the GREL (Groupe de Recherche Économie et Liberté).

Table of Contents

Introduction: Adult Supervision

PART I: THE LIMITS OF AUTHORITY
Social Complexity
The Impossibility of Planning
The Inconvenient Individual
The Tribe and the Great Society

PART II: ARE RECESSIONS POSSIBLE?
Business Cycles and Crashes
An Economist in Wonderland
Classical Economics
Recessions Happen

PART III: MACROECONOMIC CONTROVERSIES
The Old Idea of Underconsumption
Keynes's Ideas: A Brief Summary
Price Adjustments
Multiplying Bread and Fish
Meaningless Aggregates
Information and Coordination
Government Activism
More Recent Theories of the Business Cycle

PART IV: THE MIXED ECONOMY
A Failure of Capitalism?
Government Revenues and Expenditures
Regulation and Control
The Welfare State
Businessmen as Domestic Animals

PART V: FINANCIAL DEREGULATION: AN URBAN LEGEND
Lax Regulation
Deregulation
U.S. Banks in a World Perspective
Necessary Regulation?

PART VI: THE CRIME SCENE: ENVY OF THE WORLD
Residential Home Market Driven by Government
A Half-nationalized Residential Mortgage Market
Securitization
Subsidization of Risk
The Collapse of the House of Cards
Larger Consequences

PART VII: MONETARY MEDDLING
The Austrian Theory of the Business Cycle
Some Doubts on the Austrian Interpretation of the Crisis
Monetary Policy Played a Role
On Balance: A Contributing Factor

PART VIII: STATE ANIMAL SPIRITS
State Greed
Faddish Behavior and State Bubbles
Regulatory failure
Collectivism
Power and Hubris
Systemic risk
Conclusion: Something Must Be Done

Bibliography
Name Index
Topics Index
Charts

220 pages, Hardcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.