{"product_id":"post-keynesian-views-of-the-crisis-and-its-remedies","title":"Post-Keynesian Views of the Crisis and its Remedies","description":"\u003cp\u003eAt the end of the 20th century, mainstream economics was based on theories which viewed capitalism as a self-regulating system, whereby crises come about due to external shocks and would be automatically corrected by the price mechanism if it was flexible enough. Post-Keynesian economists, however, consider that the business cycle and the crises are endogenously generated. They recommend active policies as a response, though the remedies may be worse than the illness if they are not applied at the right moment and in the right proportions.\u003c\/p\u003e\u003cp\u003eThe first great recession of the 21st century offers post-Keynesian economists an opportunity to prove the realism of their models. It is also a chance to make theoretical improvements, to abandon some hypotheses and to introduce new ones.\u003c\/p\u003e\u003cp\u003eThis book, from a top group of international economists, analyzes the causes, consequences and evolution of the crisis from a variety of post-Keynesian perspectives. It then presents a case for realistic and essential remedies. The book is both theoretical and applied, with a global reach and a particular focus on the European debt crisis.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54246222922072,"sku":"9781138902060","price":46.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781138902060_822e67cf-431a-4b6d-bf6f-c31333747741.jpg?v=1770300027","url":"https:\/\/agendabookshop.com\/products\/post-keynesian-views-of-the-crisis-and-its-remedies","provider":"Agenda Bookshop","version":"1.0","type":"link"}