The how and why economic policy must change Smithers, Andrew creator text bibliography enk 2013 monographic eng xiii, 279 pages ; 24 cm Providing practical guidance on reducing government, household and business debt, a well-respected economist stresses the importance of revising the neoclassical consensus governing global-economic decision-making to avoid the next financial collapse 1 Introduction 2 Why the Recovery Has Been So Weak 3 Alternative Explanations for Today's Low Business Investment and High Profit Margins 4 Forecasting Errors in the UK and the US 5 Cyclical or Structural : The Key Issue for Policy 6 The Particular Problem of Finance and Banking 7 Japan Has a Similar Problem with a Different Cause 8 The End of the Post-War Era 9 Misinformation as a Barrier to Sound Policy Decisions 10 Avoiding Future Financial Crises 11 The Current High Level of Risk 12 Inflation 13 Prospects Not Forecasts 14 Tackling the Bonus Culture 15 The Need for Change in Economic Theory and the Resistance to It 16 Summary and Conclusions Andrew Smithers. Includes bibliographical references (pages 263-268) and index. Economic policy Política económica Financial crises Prevention Crisis financiera Prevención HD 87 S664r 2013 339.5 Smithers, Andrew. Chichester, West Sussex : John Wiley & Sons Ltd, [2013] (DLC) 2013028162 9781118515662 (cloth) 1118515668 (cloth) 2013026697 DLC 130712 20260115124632.0 17809352 eng