03298cam a2200409 a 4500 110486 20230410105417.0 090808s2010 enka b 001 0 eng 15860523 acquire 2 shelf copies policy default lcc bk 2009032289 GBB006307 bnb 015467702 Uk 9780195397918 (cloth : alk. paper) : $22.95 0195397916 (cloth : alk. paper) (OCoLC)ocn430192642 DLC eng DLC YDX UKM YDXCP IK2 BWX VP@ CDX ABG DEBBG UPM OCL DLC Eng. HB 95 F234h 2010 339 Farmer, Roger E. A. How the economy works : confidence, crashes and self-fulfilling prophecies / Roger E.A. Farmer. Oxford ; New York, NY : Oxford University Press, 2010. xiv, 193 p. : ill. ; 22 cm. Includes bibliographical references (p. [175]-188) and index. Classical economics -- The impact of Keynes on the world economy -- Where the Keynesians lost their way -- The rational expectations revolution -- How central banks impact your life -- Why unemployment persists -- Why the stock market matters to you -- Will there be another great depression? -- Will monetary and fiscal policy work? -- How to solve a financial crisis. ""Of All the Economic Bubbles that have been pricked," the editors of the Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place?" "In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E.A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the long-standing idea that an economy was a self-correcting mechanism, but his school gave way to a resurgence of classical economics in the 1970s - a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave - how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning."--Jacket. Free enterprise. Monetary policy. Economic policy. Libre empresa. Política monetaria. Política económica. Table of contents http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=018992876&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA lmd. 36129 36129 0 0 lcc 0 0 CS BJB BJB CS 2023-04-10 1 0 HB 95 F234h 2010 00000104429 2018-10-24 00:00:00 1 2018-10-24 bk