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Economic Instability and Stabilization Policy

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Economic Instability and Stabilization Policy

On the Path from Crises to State Directed Economies

Ralf Pauly

Springer
Publication date : 2021-04-30

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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.

This book is a must-read for scholars and students of economics, as well as policy-makers and practitioners, interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention.

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About the book

Author

Ralf Pauly

Imprint

Springer

Collection

n.c

Publication date

2021-04-30

Pages

221 pages

Print ISBN

9783658336257

Language

English

Ebook informations

EAN PDF

9783658336264

Price

£109.50

Copy count 2

Print count 22

File size 2744 Ko

Informations accessibility

EAN EPUB

9783658336264

Price

£109.50

Copy count 2

Print count 22

File size 1178 Ko

Informations accessibility

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About author(s)

Ralf Pauly

Ralf Pauly is Professor Emeritus of econometrics and statistics in the Institute of Empirical Economic Research, University of Osnabrück (Germany). Until his retirement, he was working on statistical analyses of financial markets, especially on risk analysis and risk management. More recently, his research focused on economic instability and social inequality, as well as on the reorientation of government stabilization policy.

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