Money in a Free Society : Keynes, Friedman, and the New Crisis in Capitalism
ISBN: 9781594035241 | 1594035245
Format: HardcoverPublisher: Perseus Distribution Services
Pub. Date: 11/1/2011
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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 ... MORE
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