Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises.
The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007–2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in particular.
This book marks a significant contribution to the literature on economic and financial crises, political economy and heterodox economics. It is well suited to academicians, practitioners, and financial analysts working within the relevant fields.
By:
Ensar Yılmaz
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions:
Height: 234mm,
Width: 156mm,
Weight: 453g
ISBN: 9780367480677
ISBN 10: 0367480670
Series: Routledge Frontiers of Political Economy
Pages: 246
Publication Date: 31 July 2020
Audience:
College/higher education
,
Primary
,
A / AS level
Format: Hardback
Publisher's Status: Active
Introduction (1) Underconsumption, Overproduction, and Disproportionality (2) Debt Accumulation (3) Financialization and Neoliberalism (4) Income Inequality (5) The Financial Instability Hypothesis (6) Tendency of Rate of Profit to Fall (7) Human Behavior (8) Global Imbalances and Crises
Ensar Yılmaz is a professor at Yıldız Technical University, Istanbul, Turkey, where he teaches in the Department of Economics. He is the author of several articles in the subjects of macroeconomics, financial regulation, income distribution and game theory.
