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Heterodox interpretations of the Great Recession

Heterodox interpretations of the Great Recession

Paperback

Business General

ISBN10: 6208205824
ISBN13: 9786208205829
Publisher: Our Knowledge Publishing
Published: Oct 21 2024
Pages: 152
Weight: 0.51
Height: 0.35 Width: 6.00 Depth: 9.00
Language: English
Ten years after the peak of the Great Recession, which began in the US subprime mortgage market, the global economy is still struggling to overcome the consequences of the event. In order to overcome these difficulties, it is necessary to understand the origins of the phenomenon that called into question some of the postulates of orthodox economics, such as market efficiency and currency neutrality. This book starts from the idea that the difficulties will remain as long as the causes are not well understood. In the approach proposed by the author, only by combining Marxist and post-Keynesian arguments can we understand the causes and proportions of the biggest economic crisis since the Great Depression. The research in this text seeks to revisit the main interpretations of some strands of the Marxist and post-Keynesian schools of thought in order to propose its own interpretation based on the converging points found between the different heterodox approaches.

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Vilella, Caio

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Business General