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Author
Török Zsófia Martina (Budapest Business School)
Title
Book Review: Mainstream Economics: With or without You?(Anthony Elson, The Global Financial Crisis in Retrospect. 2017. Palgrave Macmillan US, New York, ISBN 978-1-137-59750-2)
Source
Economics and Business Review, 2017, vol. 3 (17), nr 3, s. 159-163, bibliogr. 8 poz.
Keyword
Recenzja, Przegląd literatury, Ekonomia, Program dostosowawczy IMF, Makroekonomia
Review, Literature review, Economics, IMF adjustment programme, Macroeconomics
Note
summ.
Abstract
Elson's book is also really important for the methodological analysis - and actually this is the very reason why this review is written. It reveals significant shortcomings in the mind-set of economists and policy-makers in the period leading up to the crisis. Two main topics are concerned: the efficiency of the global financial order and the inherent stability of a market oriented capitalist system. The latter used to be the focus of the attack by Keynes in his analysis provided on the causes of the Great Depression. With the development of some alternative macroeconomic models the framework of Keynes's thinking has been repeatedly reconsidered. New models are developed to deal with the policy of inflation targeting, as validated by the experience of the Great Moderation, which preceded the global financial crisis. (fragment of text)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
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Bibliography
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Cited by
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ISSN
2392-1641
Language
eng
URI / DOI
http://dx.doi.org/10.18559/ebr.2017.3.14
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