LEADER 05195nam 22007692 450 001 9910817244403321 005 20160428135030.0 010 $a1-139-88861-7 010 $a1-139-56436-6 010 $a1-139-55576-6 010 $a1-139-55451-4 010 $a1-139-55205-8 010 $a1-139-54955-3 010 $a1-139-05958-0 010 $a1-283-74617-4 010 $a1-139-55080-2 035 $a(CKB)2550000000708467 035 $a(EBL)989079 035 $a(OCoLC)817236647 035 $a(SSID)ssj0000754976 035 $a(PQKBManifestationID)11399435 035 $a(PQKBTitleCode)TC0000754976 035 $a(PQKBWorkID)10727214 035 $a(PQKB)10132422 035 $a(UkCbUP)CR9781139059589 035 $a(Au-PeEL)EBL989079 035 $a(CaPaEBR)ebr10621727 035 $a(CaONFJC)MIL405867 035 $a(MiAaPQ)EBC989079 035 $a(PPN)186375913 035 $a(EXLCZ)992550000000708467 100 $a20110401d2013|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aAfter the great recession $ethe struggle for economic recovery and growth /$fedited by Barry Z. Cynamon, Steven M. Fazzari, Mark Setterfield ; foreword by Robert Kuttner$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2013. 215 $a1 online resource (xvii, 340 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-43675-3 311 $a1-107-01589-8 320 $aIncludes bibliographical references and indexes. 327 $gPart One.$tIntroduction and Overview:$g1.$tUnderstanding the great recession /$rBarry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield;$g2.$tAmerica's exhausted paradigm: macroeconomic causes of the financial crisis and great recession /$rThomas I. Palley --$gPart Two.$tEmergence of Financial Instability:$g3.$tMinsky's money manager capitalism: assessment and reform /$rL. Randall Wray;$g4.$tTrying to serve two masters: the dilemma of financial regulation /$rJan Kregel;$g5.$tHow bonus-driven 'rainmaker' financial firms enrich top employees, destroy shareholder value, and create systemic financial instability /$rJames Crotty --$gPart Three.$tHousehold Spending and Debt: Source of Past Growth-Seeds of Recent Collapse:$g6.$tThe end of the consumer age /$rBarry Z. Cynamon and Steven M. Fazzari;$g7.$tWages, demand and U.S. macroeconomic travails: diagnosis and prognosis /$rMark Setterfield --$gPart Four.$tGlobal Dimensions of U.S. Crisis:$g8.$tGlobal imbalances and U.S. trade in the great recession and its aftermath /$rRobert A. Blecker --$gPart Five.$tEconomic Policy after the Great Recession:$g9.$tConfronting the Kindleberger moment: credit, fiscal, and regulatory policy to avoid economic disaster /$rGerald Epstein;$g10.$tFiscal policy: the recent record and lessons for the future /$rDean Baker;$g11.$tNo need to panic about U.S. government deficits /$rBarry Z. Cynamon and Steven M. Fazzari;$g12.$tFiscal policy for the great recession and beyond /$rPavlina R. Tcherneva --$gPart Six.$gThe Way Forward:$g13.$tDemand, finance, and uncertainty beyond the great recession /$rBarry Z. Cynamon, Steven M. Fazzari, and Mark Setterfield. 330 $aThe severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society. 606 $aRecessions$zUnited States$xHistory$y21st century 606 $aGlobal Financial Crisis, 2008-2009 606 $aUnemployment$xEffect of inflation on$zUnited States$xHistory$y21st century 606 $aKeynesian economics 607 $aUnited States$xEconomic policy$y2009- 615 0$aRecessions$xHistory 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aUnemployment$xEffect of inflation on$xHistory 615 0$aKeynesian economics. 676 $a330.973 686 $aBUS069030$2bisacsh 702 $aCynamon$b Barry Z.$f1984- 702 $aFazzari$b Steven M. 702 $aSetterfield$b Mark$f1967- 702 $aKuttner$b Robert 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910817244403321 996 $aAfter the great recession$93966651 997 $aUNINA