Genesis of the Financial Crisis

1. Front Matter

   Pages i-xi

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2. The Crisis of 2007–2010

   1. Front Matter

      Pages 1-1

      PDF

   2. The Nature and Effects of the 2007–2010 Crisis and Ways to Resolve It

      • Roderick Macdonald

      Pages 2-33

3. The Genesis of the Crisis

   1. Front Matter

      Pages 35-36

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   2. The Roots of the Crisis

      • Roderick Macdonald

      Pages 37-68

   3. Three Chronologies and the Genesis of the 2007–2010 Crisis

      • Roderick Macdonald

      Pages 69-94

4. Remedies and Repartee

   1. Front Matter

      Pages 95-97

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   2. Saltwater Economists

      • Roderick Macdonald

      Pages 98-118

   3. Freshwater Economists, Austrian Economists and Popular Opinion

      • Roderick Macdonald

      Pages 119-136

   4. Conclusion

      • Roderick Macdonald

      Pages 137-157

5. Back Matter

   Pages 158-178

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A complete and accessible explanation of the factors contributing to the onset of the 2007 financial and economic crisis. The myriad factors are explained in an orderly way with simple terms. The anticipation (or not) and reception of the crisis by mainstream economists and by Austrian economics leads to reflection on the state of economic theory.

• Deflation
• economic theory
• economics
• financial crisis

• École des sciences de la gestion, Université du Québec à Montréal, Canada

  Roderick Macdonald

RODERICK MACDONALD is a professor of Management and Technology at the École des sciences de la gestion (UQAM), Canada. He has published books and articles on business strategy in new industries, fundamental economic notions used in business and moral analysis in management.

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