LEADER 04498nam 22005895 450 001 9910299632703321 005 20200703064155.0 010 $a3-319-93366-3 024 7 $a10.1007/978-3-319-93366-5 035 $a(CKB)5120000000121323 035 $a(MiAaPQ)EBC5558584 035 $a(DE-He213)978-3-319-93366-5 035 $a(EXLCZ)995120000000121323 100 $a20181017d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRadical Origins to Economic Crises $eGermán Bernácer, A Visionary Precursor /$fby Henri Savall 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (459 pages) 311 $a3-319-93365-5 327 $aPART I: A Pre-Keynes Founder of Modern Economics: Germán Bernácer -- 1. Why publish this work on Germán Bernácer, the great pioneering Spanish economist, now? -- 2. Biography and Testimonies -- PART II: Crisis and Unemployment Theory -- 3. Bernácer's critical analysis of actual capitalism: "a free economy without crisis and without unemployment" -- 4. Monetary factors of crisis: hoarding versuss. investment, inflation and deflation -- 5. The interest rate as a factor of instability and crises -- 6. Improving capitalism through freedom, ethics and efficiency -- 7. Conclusion: advocacy for Bernácer 's rehabilitation. . 330 $aThis book presents the complete and pioneering works of the great Spanish economist, Germán Bernácer (1883-1965), to an English audience for the first time. Bernácer, the first director of the Research Service of the Bank of Spain (1930?55), inspired Keynes? theory but was also a major critic and opponent of it. A macroeconomist by trade, Bernácer?s major theory related to recurring crises, which he believed were inherent in the existence of speculative markets such as property, works of art, long term currency markets, commercial trading, materials, and energy. Bernácer believed that these speculative markets generate unearned income and hoarding, they abound in financial capital and, when such capital is captured, it then lacks in production industries where real value is created, draining their financing. The author shows how history has repeated itself in this manner in 1929, 2007, 2008, 2014 and 2016. The author derives his content from Bernácer?s Spanish publications and his private correspondence with his contemporary economists, providing an historical and thematic insight into his thinking. It is well-timed to contribute to current worldwide debates on monetary, fi nancial and budgetary policies needed to implement an economic order that can restore economic stability, providing readers with rare and important insights into the deep roots of crises. The book will be of interest to all readers interested in the history of economic thought, history of financial crises, Keynesian approaches to economics and criticism to Keynesian approaches. 606 $aEconomic history 606 $aMacroeconomics 606 $aFinancial crises 606 $aEconomic growth 606 $aSchools of economics 606 $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aFinancial Crises$3https://scigraph.springernature.com/ontologies/product-market-codes/617010 606 $aEconomic Growth$3https://scigraph.springernature.com/ontologies/product-market-codes/W44000 606 $aHeterodox Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W53000 615 0$aEconomic history. 615 0$aMacroeconomics. 615 0$aFinancial crises. 615 0$aEconomic growth. 615 0$aSchools of economics. 615 14$aHistory of Economic Thought/Methodology. 615 24$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aFinancial Crises. 615 24$aEconomic Growth. 615 24$aHeterodox Economics. 676 $a330.0924 700 $aSavall$b Henri$4aut$4http://id.loc.gov/vocabulary/relators/aut$0918009 906 $aBOOK 912 $a9910299632703321 996 $aRadical Origins to Economic Crises$92530849 997 $aUNINA