Understanding Financial Crises Yılmaz Ensar
Understanding Financial Crises Yılmaz Ensar Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been…
Specifikacia Understanding Financial Crises Yılmaz Ensar
Understanding Financial Crises Yılmaz Ensar
Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises.The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007-2008. The introduction provides a brief overview of each argument along with a comparison of their relative merits.
The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to