The global great recession [[electronic resource] /] / E. Ray Canterbery

• Autore: Canterbery E. Ray
• Pubblicazione: Singapore ; ; Hackensack, N.J., : World Scientific, c2011
• Descrizione fisica: 1 online resource (383 p.)
• Disciplina: 338.542
• Soggetto topico: Global Financial Crisis, 2008-2009; Financial crises; Economics - History
• Note generali: Includes index.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: CONTENTS; Preface; Chapter 1. At Inception; Chapter 2. The Great Depression; The Prelude to Disaster; The Speculative Bubble; The Great Crash; The Aftermath; GNP and the Downward Trade Spiral; Keynes's Academic Precursors; Keynes's Policy Suggestions; Chapter 3. Primal Keynesianism and the New Deal; The Early New Deal Years; The Famous Keynesian Multiplier; Illusions and the National Income; Money and Uncertainty; Inside and Outside Money Supplies; Interest Rates and Uncertainty Upends the Quantity Theory of Money; Money and the Great Depression; Keynes, Harvard and the Later New Deal Years ; Looking Forward Chapter 4. A Post Keynesian Framework; The Income Distribution: Sraffa and Kalecki; Sraffa's Attempted Purge of Marginalism; Kalecki's Income Classes: The Workers and the Capitalists; The Vita View of the Personal Income Distribution; The Price Markup and Prices; The Imperfection of Competition and Kalecki's "Degree of Monopoly"; The Price Markup and the Price Level; Stagflation; Incomes Policy; What to Control? Wages or Profits?; The TIP Proposals; Money and the Financing of Investment; "Inside Money"; The Money Supply and Monetary Policy; Minsky and Financial Fragility ; The Global Spectra Whither Economic Growth?; Conclusions; Chapter 5. The Rise of Casino Capitalism; The Federal Reserve's Experiment with Friedman's Monetarism (1979-1982); Supply-Side Economics; The Laffer Curve and the Mantra of the Balanced Budget; The Angst of Insider David Stockman; The Sequel; The Deep Recession of 1981 to 1982; The National Debt Explodes (1980-1992); The Arithmetic of Modern Monetarism in Action; Keynes Redux: Reagan's Ersatz Keynesianism; Casino Capitalism; Private Sector Debt Explodes; Michael Milken Creates the Junk Bond Market; Junk Bonds Lead to LBO Mania ; The Bursting of Bubbles The Growing Inequality During the 1980's; A Net Worth Perspective: Where the Money Went; Clintonomics: Continuity with the Federal Reserve; Greenspan and Clinton: An Unholy Alliance; Greenspan's Financial Market Strategy; Public Infrastructure is Sacrificed to Reduce the Federal Budget Deficit; The Clinton Legacy: Ending the Progressive Agenda; The Dramatic Shift from Basic Commodities to Nonbasic Services; Conclusions; Chapter 6. The Housing Bubble Conundrum; How the Fed Can Stimulate Housing Construction and Demand; Alan Greenspan Acts ; The Consequences of Asset Inflation Spotting a Housing Bubble; Greenspan Gets Smarter as the Bubble Gets Bigger; Defining the Bubble; Greenspan's Innocent Hypocrisy in His Attack on Fannie and Freddie; Summing-Up; Chapter 7. The Anatomy of the Subprime Mortgage Bubble and Collapse; The CDO; The Black-Sholes Model and the Origin of Derivatives; The Role of the Subprime Mortgage; The Credit Default Swap; The Collapse; Collapses Around the World; Chapter 8. The Fallout from the Housing Collapse; In the Beginning; Innovations in Housing; The Subprime Mortgage Mess; Complications from Derivatives ; Problems Go Global
• Sommario/riassunto: Canterbery's latest literary work provides a definitive account of the Great Recession of 2007-2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, "the best."
• Titolo autorizzato: The global great recession
• ISBN: 1-283-43347-8; 9786613433473; 981-4322-77-6
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910778960603321
• Lo trovi qui: Univ. Federico II