82504
Stabilizing an Unstable Economy
- Our Economy
- Flawed due to Economic Instability
Nota:
- Flaw of Capitalism: Capitalism cannot function if it oscillates between threats of imminent collapse of asset prices and employment and inflation and rampant speculation
- Neoclassical
model Flawed
Nota:
- Cannot explain economic instability. Fails to explain how financial crisis can emerge out of the normal functioning economy and why the economy of one period is susceptible to crisis while an economy of another is not
- Caused by Internal Processes of
our type of economy
- Economic Institutions
- Social Organization
- Flawed due to Economic Instability
- Goal of Book
- Agenda for Reform
Nota:
- Agenda for reforming our malfunctioning economy
- Agenda for Reform
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