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The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008
2008191 lehekülgeISBN 9780393337808
Formaat: KõvakaanelineKeel: inglise

The Return of Depression Economics uses Keynesian analysis of past economics crisis, drawing parallels between the 2008 financial crisis and the Great Depression. Krugman challenges orthodox economic notions of restricted government spending, deregulation of markets and the efficient market hypothesis. Krugman offers policy recommendations for the prevention of future financial crises and suggests that policymakers "relearn the lessons our grandfathers were taught by the Great Depression" and prop up spending and enable broader access to credit.

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