The Return of Depression Economics
Penguin, 2000 - Počet stran: 175
The 1931 crisis of Austria's largest bank, Credit Anstalt, which collapsed as a result of capital flight depleting its reserves, is all too familiar a scenario in the late 1990s. Brazil, Malaysia and Japan have all experienced similar crises, and the US and Europe are not immune. Economic policy reforms by Western governments have taken us back to a regime with many of the virtues of pre-depression, free-market capitalism, but with some key vices, notably a vulnerability to instability and sustained economic slumps. As a result of these reforms, depression economics has now emerged as a real concern, and Paul Krugman believes that sooner or later we will have to return to regulation of financial markets, limits on capital flows and a recognition that low inflation is less dangerous than price instability.
Co říkají ostatní - Napsat recenzi
LibraryThing ReviewRecenze od uživatele - James.Igoe - LibraryThing
As usual, Krugman highlights the problem with dogmatic approaches to economics. He also illuminates some aspects of our own concern about inflation. Rather than worry about inflation, our current ... Přečíst celou recenzi
LibraryThing ReviewRecenze od uživatele - jleous - LibraryThing
Depressing, unfortunately. Professor Krugman clearly outlines what led up to the crisis, what perpetuated the crisis, and how the crisis was not properly or fully handled. Přečíst celou recenzi
July 1 1997
Asia before the Crisis
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