Book Economics after the crisis : objectives and means / Adair Turner.
Publication year: c2012.
Call Number HD82 .T86 2012
Media class: Book
Publisher: Cambridge, Mass. : MIT Press
ISBN: 9780262017442 026201744X
Series title: Lionel Robbins lectures
Extent: xiii, 108 p. : ill. ; 24 cm.
The global economic crisis of 2008--2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic challenges as we recover, combined with reform of financial regulation to prevent a recurrence. Here the author offers a strong counterargument to this somewhat complacent view. The crisis of 2008--2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory.
Economic growth, human welfare and inequality -- Financial markets : efficiency, stability and income distribution -- Economic freedom, public policy and the discipline of economics.