Understanding Financial Crises - Routledge Frontiers of Political Economy

Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises. The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007-2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in particular.This book marks a significant contribution to the literature on economic and financial crises, political economy and heterodox economics. It is well suited to academicians, practitioners, and financial analysts working within the relevant fields.

ISBN:	9780367532499
Publisher:	Taylor & Francis
Imprint:	Routledge
Published date:	29 Apr 2022
DEWEY:	338.542
DEWEY edition:	23
Language:	English
Number of pages:	232
Weight:	376g
Height:	234mm
Width:	153mm
Spine width:	17mm

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