Economics after the crisis : objectives and means / Adair Turner.

Format:

Book

Author/Creator:

Turner, Adair.

Series:

Lionel Robbins lectures.

Lionel Robbins lectures

Language:

English

Subjects (All):

Economic development.

Economic policy.

Free enterprise.

Economics.

Physical Description:

1 online resource (123 p.)

Place of Publication:

Cambridge, Mass. : MIT Press, ©2012.

Language Note:

English

Summary:

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. In Economics After the Crisis, Adair Turner 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. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-crisis confidence in financial markets as the means of pursuing objectives was profoundly misplaced.

Contents:

Economic growth, human welfare and inequality

Financial markets: efficiency, stability and income distribution

Economic freedom, public policy and the discipline of economics.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

0-262-30099-0

1-280-49905-2

9786613594280

0-262-30175-X

OCLC:

783584833

Publisher Number:

9786613594280