TY  - BOOK
AU  - Čaušević,Fikret
ED  - SpringerLink (Online service)
TI  - The Global Crisis of 2008 and Keynes's General Theory
T2  - SpringerBriefs in Economics,
SN  - 9783319114514
AV  - HC10-1085 
U1  - 330 23
PY  - 2015///
CY  - Cham
PB  - Springer International Publishing, Imprint: Springer
KW  - Economics
KW  - Economic policy
KW  - Macroeconomics
KW  - Methodology
KW  - Finance
KW  - Economics/Management Science
KW  - Methodology and the History of Economic Thought
KW  - Economic Policy
KW  - Economic Theory
KW  - Financial Economics
KW  - Macroeconomics/Monetary Economics
N1  - Economic Theory and Economic Policy Since the Seventies: Keynesians versus New Classical Economists -- The General Theory of Employment, Interest and Money: An Overview with Commentary -- Impact of Financial Globalization on the Scope of Economic Theory and Policy
N2  - This book describes the international context and some of the factors that have weakened the influence of Keynesian economic thought. It illustrates economic responses offered by the new Keynesian school and the alternative perspective on the global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his analysis of the change in the structure of costs, and straightforward recommendation for a policy marked by very low interest, which he felt was needed to maintain full employment. Additionally, the book discusses major changes in the cost structure of globally active companies, resulting from the extremely intense international capital flows over the last three decades. The authors point out the need to redefine the open economy macroeconomics model, switching it from a world consisting of two major developed open economies to one consisting of two major open economies, one of which is developed and the other is developing
UR  - http://dx.doi.org/10.1007/978-3-319-11451-4
ER  -