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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economic Instability and Stabilization Policy: On the Path from Crises to State Directed Economies

Economic Instability and Stabilization Policy: On the Path from Crises to State Directed Economies

Pauly, Ralf

Hardcover

EconomicsGeneral Political Science

ISBN10: 3658336250
ISBN13: 9783658336257
Publisher: Springer Nature
Published: May 1 2021
Pages: 221
Weight: 1.13
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English
This book pleads for a new orientation of government economic policy, as well as central bank policy, rejecting the traditional government stabilization policy that leads to a dead-end of economic instability and social inequality in the long run.
Growing economic instability and increasing state stabilization characterize the development of the capitalist market economy since the major world economic crises of the last century. The book examines these crises and the measures states take to overcome them. Additionally, it addresses the effectiveness and consequences of state intervention. In presenting the main features of Keynes' and Minsky's macroeconomics, the book provides a conceptual basis for an outlook on government stabilization in a changing market economy. It thus also offers a suitable framework for current economic policy discussions. Finally, the book examines the wider context of economic history for lessons to be learned.

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