Decoding Economic Crises

解密经济危机

宏观经济学

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出  版 社
出版时间
2023年12月27日
装      帧
精装
ISBN
9781800615106
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页      码
160
语      种
英文
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图书简介
Constantly bandied about, ’crisis’ has tended to be a much-overused word. Understanding the economy and its future challenges requires a detailed and precise analysis of what an economic crisis is. This book sets out to do just that. It first provides a deep historical context of what economic theory says about crises and their perpetual return in the form of a cycle. It then looks at what lessons might be learned from this. Since 1945, the world economy has been dominated by the United States, so an analysis of recent crises must necessarily consider public policy response in this country. The book attempts to answer the question of whether American leadership has emerged unscathed from the damage inflicted by the 1975, 1992, 2009 and 2020 recessions and their legacies of debt.As for environmental issues, this book interrogates whether they carry with them a devastating crisis, reminiscent of the ’nutritional trap’ theorized by Nobel Prize winner Angus Deaton, and asks if there will be a return to times of extreme scarcity as seen prior to the mid-18th century.Key Features: oTakes an original approach to a time-immemorial phenomenonoProvides deep historical context on how the notion of ’crisis’ came to be formalized, notably in the 19th centuryoHighlights the link between cycle and crisisoFocuses on specific historical crises to give concrete meaning to the concept of crisis, and avoid misuse of the termoGives an answer to the question on the 2008 crisis of Her Majesty The Queen of England
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