The Illusion of Economic Stability
Autor Eli Ginzbergen Limba Engleză Hardback – 9 aug 2017
The ability of strong blocs--corporate, labor, and agricultural--to control the market in the hope of bettering their economic position places great difficulties in the path of securing a stable economy. For Ginzberg, economic fluctuations in the decade preceding the Great Depression can largely be explained by the interaction of technological, psychological, and monetary factors. Without these factors being subjected to some sort of control, economic stability must remain an illusion.
The current period of a significant fall-off in earnings, profits, and full employment also followed a decade of unparalleled monetary growth. The concerns Ginzberg raised are relevant once again. It may turn out that the "neoliberalism" of the present has something to say in response to the free market/free society premises currently in vogue.
In a brilliant introductory essay, Nobel Laureate Robert M. Solow offers an impressive report card on The Illusion of Economic Stability: "The prose is tighter and more aphoristic than late Ginzberg, and the tone is more detached, even sardonic." He concludes by admitting that a volatile stock market is one more reason why automatic economic stability seems as illusory today as it did when the book first appeared.
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Specificații
ISBN-13: 9781138536265
ISBN-10: 1138536261
Pagini: 300
Dimensiuni: 152 x 229 x 20 mm
Greutate: 0.54 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom
ISBN-10: 1138536261
Pagini: 300
Dimensiuni: 152 x 229 x 20 mm
Greutate: 0.54 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom
Cuprins
Transaction Introduction, Preface, Introduction, Part I: Birth of the Illusion, Part II: Growth of the Illusion, Part III: Maturity of the Illusion, Part IV: Senescence of the Illusion, Part V: Death of the Illusion, Appendixes, Notes, Index of Names
Descriere
In one of the foremost critiques of the widespread view that in market-based economics the fluctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse