Prosperity for all: how to prevent financial crises
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York
Oxford University Press
2016
|
| Schlagworte: | |
| Beschreibung: | Description based on print version record and CIP data provided by publisher; resource not viewed |
| Beschreibung: | 1 online resource |
| ISBN: | 9780190621445 0190621443 |
Internformat
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| 245 | 1 | 0 | |a Prosperity for all |b how to prevent financial crises |c Roger E.A. Farmer |
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| 505 | 8 | |a " In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth. "-- | |
| 505 | 8 | |a "A discussion of the global economy"-- | |
| 505 | 8 | |a Cover; Prosperity for All; Copyright; Dedication; Contents; Preface; Acknowledgments; 1 Prosperity for All; 2 Keynes Betrayed; 3 The Demise of the Natural Rate Hypothesis; 4 Let's Stop Pretending Unemployment Is Voluntary; 5 Five Problems with New Keynesian Economics; 6 Why Unemployment Persists: The Keynesian Search Model Explained; 7 Wall Street and Main Street; 8 The New Keynesian Model Explained; 9 The Farmer Monetary Model Explained; 10 Keynesian Economics without the Consumption Function; 11 How to Prevent Financial Crises; Notes; References; Index of Names; Index of Subjects | |
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| 650 | 7 | |a Monetary policy |2 fast | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Reference |2 bisacsh | |
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Datensatz im Suchindex
| _version_ | 1804177609689399296 |
|---|---|
| any_adam_object | |
| author | Farmer, Roger E. A. 1955- |
| author_GND | (DE-588)121703444 |
| author_facet | Farmer, Roger E. A. 1955- |
| author_role | aut |
| author_sort | Farmer, Roger E. A. 1955- |
| author_variant | r e a f rea reaf |
| building | Verbundindex |
| bvnumber | BV044360920 |
| classification_rvk | QC 300 QK 000 QK 620 |
| collection | ZDB-4-NLEBK |
| contents | " In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth. "-- "A discussion of the global economy"-- Cover; Prosperity for All; Copyright; Dedication; Contents; Preface; Acknowledgments; 1 Prosperity for All; 2 Keynes Betrayed; 3 The Demise of the Natural Rate Hypothesis; 4 Let's Stop Pretending Unemployment Is Voluntary; 5 Five Problems with New Keynesian Economics; 6 Why Unemployment Persists: The Keynesian Search Model Explained; 7 Wall Street and Main Street; 8 The New Keynesian Model Explained; 9 The Farmer Monetary Model Explained; 10 Keynesian Economics without the Consumption Function; 11 How to Prevent Financial Crises; Notes; References; Index of Names; Index of Subjects |
| ctrlnum | (ZDB-4-NLEBK)ocn948670006 (OCoLC)948670006 (DE-599)BVBBV044360920 |
| dewey-full | 330.15/6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.15/6 |
| dewey-search | 330.15/6 |
| dewey-sort | 3330.15 16 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV044360920 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:50:47Z |
| institution | BVB |
| isbn | 9780190621445 0190621443 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029763551 |
| oclc_num | 948670006 |
| open_access_boolean | |
| physical | 1 online resource |
| psigel | ZDB-4-NLEBK |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | Oxford University Press |
| record_format | marc |
| spelling | Farmer, Roger E. A. 1955- Verfasser (DE-588)121703444 aut Prosperity for all how to prevent financial crises Roger E.A. Farmer New York Oxford University Press 2016 1 online resource txt rdacontent c rdamedia cr rdacarrier Description based on print version record and CIP data provided by publisher; resource not viewed " In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth. "-- "A discussion of the global economy"-- Cover; Prosperity for All; Copyright; Dedication; Contents; Preface; Acknowledgments; 1 Prosperity for All; 2 Keynes Betrayed; 3 The Demise of the Natural Rate Hypothesis; 4 Let's Stop Pretending Unemployment Is Voluntary; 5 Five Problems with New Keynesian Economics; 6 Why Unemployment Persists: The Keynesian Search Model Explained; 7 Wall Street and Main Street; 8 The New Keynesian Model Explained; 9 The Farmer Monetary Model Explained; 10 Keynesian Economics without the Consumption Function; 11 How to Prevent Financial Crises; Notes; References; Index of Names; Index of Subjects BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh Economic policy fast Monetary policy fast BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Wirtschaftspolitik Economic policy Monetary policy Keynessche Theorie (DE-588)4030426-7 gnd rswk-swf Wirtschaftliche Stabilität (DE-588)4211986-8 gnd rswk-swf Wachstumsrate (DE-588)4188804-2 gnd rswk-swf Arbeitslosigkeit (DE-588)4002730-2 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Staatsfonds (DE-588)7637883-4 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Vermeidung (DE-588)4460312-5 gnd rswk-swf Wohlstand (DE-588)4128492-6 gnd rswk-swf Wohlstand (DE-588)4128492-6 s Wirtschaftliche Stabilität (DE-588)4211986-8 s Arbeitslosigkeit (DE-588)4002730-2 s Wachstumsrate (DE-588)4188804-2 s Keynessche Theorie (DE-588)4030426-7 s 1\p DE-604 Finanzkrise (DE-588)7635855-0 s Vermeidung (DE-588)4460312-5 s Regulierung (DE-588)4201190-5 s Staatsfonds (DE-588)7637883-4 s 2\p DE-604 Makroökonomie (DE-588)4037174-8 s 3\p DE-604 Erscheint auch als Druck-Ausgabe Farmer, Roger E. A., author Prosperity for all New York : Oxford University Press, 2016 9780190621438 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Farmer, Roger E. A. 1955- Prosperity for all how to prevent financial crises " In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth. "-- "A discussion of the global economy"-- Cover; Prosperity for All; Copyright; Dedication; Contents; Preface; Acknowledgments; 1 Prosperity for All; 2 Keynes Betrayed; 3 The Demise of the Natural Rate Hypothesis; 4 Let's Stop Pretending Unemployment Is Voluntary; 5 Five Problems with New Keynesian Economics; 6 Why Unemployment Persists: The Keynesian Search Model Explained; 7 Wall Street and Main Street; 8 The New Keynesian Model Explained; 9 The Farmer Monetary Model Explained; 10 Keynesian Economics without the Consumption Function; 11 How to Prevent Financial Crises; Notes; References; Index of Names; Index of Subjects BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh Economic policy fast Monetary policy fast BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Wirtschaftspolitik Economic policy Monetary policy Keynessche Theorie (DE-588)4030426-7 gnd Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Wachstumsrate (DE-588)4188804-2 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Makroökonomie (DE-588)4037174-8 gnd Finanzkrise (DE-588)7635855-0 gnd Staatsfonds (DE-588)7637883-4 gnd Regulierung (DE-588)4201190-5 gnd Vermeidung (DE-588)4460312-5 gnd Wohlstand (DE-588)4128492-6 gnd |
| subject_GND | (DE-588)4030426-7 (DE-588)4211986-8 (DE-588)4188804-2 (DE-588)4002730-2 (DE-588)4037174-8 (DE-588)7635855-0 (DE-588)7637883-4 (DE-588)4201190-5 (DE-588)4460312-5 (DE-588)4128492-6 |
| title | Prosperity for all how to prevent financial crises |
| title_auth | Prosperity for all how to prevent financial crises |
| title_exact_search | Prosperity for all how to prevent financial crises |
| title_full | Prosperity for all how to prevent financial crises Roger E.A. Farmer |
| title_fullStr | Prosperity for all how to prevent financial crises Roger E.A. Farmer |
| title_full_unstemmed | Prosperity for all how to prevent financial crises Roger E.A. Farmer |
| title_short | Prosperity for all |
| title_sort | prosperity for all how to prevent financial crises |
| title_sub | how to prevent financial crises |
| topic | BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Macroeconomics bisacsh Economic policy fast Monetary policy fast BUSINESS & ECONOMICS / Reference bisacsh Wirtschaft Wirtschaftspolitik Economic policy Monetary policy Keynessche Theorie (DE-588)4030426-7 gnd Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Wachstumsrate (DE-588)4188804-2 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Makroökonomie (DE-588)4037174-8 gnd Finanzkrise (DE-588)7635855-0 gnd Staatsfonds (DE-588)7637883-4 gnd Regulierung (DE-588)4201190-5 gnd Vermeidung (DE-588)4460312-5 gnd Wohlstand (DE-588)4128492-6 gnd |
| topic_facet | BUSINESS & ECONOMICS / Economics / General BUSINESS & ECONOMICS / Economic Conditions BUSINESS & ECONOMICS / Economics / Macroeconomics Economic policy Monetary policy BUSINESS & ECONOMICS / Reference Wirtschaft Wirtschaftspolitik Economic policy Monetary policy Keynessche Theorie Wirtschaftliche Stabilität Wachstumsrate Arbeitslosigkeit Makroökonomie Finanzkrise Staatsfonds Regulierung Vermeidung Wohlstand |
| work_keys_str_mv | AT farmerrogerea prosperityforallhowtopreventfinancialcrises |