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Economic Instability and Stabilization Policy

On the Path from Crises to State Directed Economies

Authors: Pauly, Ralf

  • Explains why Keynesian fiscal policy and current monetary policy weaken market economy
  • Analyzes the root causes for an impasse of economic instability and social inequality
  • Presents a way to overcome the impasse with a knowledge-based society and a reoriented central bank policy
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eBook $109.00
price for USA in USD
  • ISBN 978-3-658-33626-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-658-33625-7
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
About this book

This book pleads for a new orientation of government economic policy, as well as central bank policy, rejecting the traditional government stabilization policy that leads to a dead-end of economic instability and social inequality in the long run.
Growing economic instability and increasing state stabilization characterize the development of the capitalist market economy since the major world economic crises of the last century. The book examines these crises and the measures states take to overcome them. Additionally, it addresses the effectiveness and consequences of state intervention. In presenting the main features of Keynes’ and Minsky’s macroeconomics, the book provides a conceptual basis for an outlook on government stabilization in a changing market economy. It thus also offers a suitable framework for current economic policy discussions. Finally, the book examines the wider context of economic history for lessons to be learned.
This book is a must-read for scholars and students of economics, as well as policy-makers and practitioners, interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention. 

About the authors

Ralf Pauly is Professor Emeritus of econometrics and statistics in the Institute of Empirical Economic Research, University of Osnabrück (Germany). Until his retirement, he was working on statistical analyses of financial markets, especially on risk analysis and risk management. More recently, his research focused on economic instability and social inequality, as well as on the reorientation of government stabilization policy.


Table of contents (5 chapters)

Table of contents (5 chapters)
  • Introduction: Views on Economic Crises in the Twenty-First Century

    Pages 1-30

    Pauly, Ralf

  • A Review of the History of the Economy and Its Concepts: Change Is a Constant

    Pages 31-93

    Pauly, Ralf

  • Keynes’ and Minsky’s Macroeconomics

    Pages 95-139

    Pauly, Ralf

  • Outlook on the Transformation of the Market Economy and Its Stabilization

    Pages 141-208

    Pauly, Ralf

  • Conclusion: Changing Economic Policies

    Pages 209-221

    Pauly, Ralf

Buy this book

eBook $109.00
price for USA in USD
  • ISBN 978-3-658-33626-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-658-33625-7
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Economic Instability and Stabilization Policy
Book Subtitle
On the Path from Crises to State Directed Economies
Authors
Copyright
2021
Publisher
Springer
Copyright Holder
Springer Fachmedien Wiesbaden GmbH, part of Springer Nature
eBook ISBN
978-3-658-33626-4
DOI
10.1007/978-3-658-33626-4
Hardcover ISBN
978-3-658-33625-7
Edition Number
1
Number of Pages
XVII, 221
Number of Illustrations
11 b/w illustrations, 7 illustrations in colour
Topics