Modern Financial Crises: Argentina, United States and Europe (Repost)
Beniamino Moro, Victor A. Beker, "Modern Financial Crises: Argentina, United States and Europe"
2015 | pages: 261 | ISBN: 3319209906 | PDF | 3,9 mb
2015 | pages: 261 | ISBN: 3319209906 | PDF | 3,9 mb
This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina’s defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes’ original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.
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