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Barang #:
26116012
John Maynard Keynes
Barang #:
26116012
IDR 767536
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Once uncertainty is given center stage, recurring episodes of financial system crises are all but inescapable.
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What Stands Out
Economic Theories
Keynes revolutionized economics with theories on government intervention, promoting active fiscal policy to manage economic cycles and boost consumer demand.
Employment Focus
His focus on maintaining full employment through government spending reshaped economic policies, providing solutions during recessionary periods.
Long-Term Influence
Keynes's concepts continue to influence modern economic thought, guiding policies in central banking and public finance globally.
Rincian Produk
- “Today, Mr. Minsky's view of economics is more relevant than ever.”- The New York Times“Indeed, the Minsky moment has become a fashionable catch phrase on Wall Street.”-The Wall Street JournalJohn Maynard Keynes offers a timely reconsideration of the work of the revered economics icon. Hyman Minsky argues that what most economists consider Keynesian economics is at odds with the major points of Keynes's The General Theory of Employment, Interest, and Money. Keynes and Minsky refuse to ignore pervasive uncertainty. Once uncertainty is given center stage, recurring episodes of financial system crises are all but inescapable. As Robert Barbera notes in a new preface, “Benign economic circumstances…invite increasingly aggressive financial market wagers. Innovation in finance is a signature development in a capitalist economy. Once leveraged wagers are in place, small disappointments can have exaggerated consequences.” Thus for Minsky economic calm on Main Street engenders financial system fragility which, in turn, ensures a perpetuation of boom and bust cycles.Minsky colleagues Dimitri B. Papadimitriou and L. Randall Wray write in a new introduction, “We offer this new edition, in the hope that it will contribute to the reformation of economic theory so that it can address the world in which we actually live-the world that was always the topic of Minsky's analysis.”
| Publisher | McGraw Hill |
| Publication date | May 7, 2008 |
| Edition | 1st |
| Language | English |
| Print length | 181 pages |
| ISBN-10 | 0071593012 |
| ISBN-13 | 978-0071593014 |
| Item Weight | 2.31 pounds (1.05 kg) |
| Dimensions | 5.9 x 0.44 x 8.9 inches (15 x 1.1 x 22.6 cm) |
Who Should Buy?
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Economics Students
Ideal for students seeking a foundational understanding of Keynesian economics and its impact on modern economic thought.
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Policy Makers
Useful for policymakers interested in macroeconomic strategies and Keynesian approaches to economic issues and fiscal policy.
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Historians
Beneficial for historians examining the evolution of economic theories and their societal impacts during the Great Depression.
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Casual Readers
Not suitable for casual readers looking for light material, as the content may be complex and dense.
DESKRIPSI PRODUK
Punya Pertanyaan? Berbincanglah dengan kami
Tanya & Jawab Pelanggan
-
pertanyaan:
What is the main focus of this book?
menjawab: The book reexamines Minsky's perspective on economics, emphasizing the impact of uncertainty on financial crises. -
pertanyaan:
Who are the contributors to this edition?
menjawab: It includes insights from Dimitri B. Papadimitriou and L. Randall Wray, alongside a preface by Robert Barbera. -
pertanyaan:
Why is Minsky's work relevant today?
menjawab: Minsky's analysis of financial instability and uncertainty provides critical understanding for today's economic challenges.
Economic History Editorial Review
The book "0071593012" by Hyman P. Minsky is a dense and challenging read, which seeks to clarify J.M. Keynes' "The General Theory of Employment, Interest and Money" by exploring the nature of capitalism and the financial system. Despite the lack of a glossary and unfamiliar terminology, Minsky's work offers important insights into understanding financial crises and the business cycle. However, some readers find Minsky's writing style confusing and contradictory, and recommend alternative texts to better understand his ideas. Overall, the book is a valuable contribution to understanding the work of Keynes and the Financial Instability Hypothesis.
Customer Reviews & Ratings
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Pro
- Offers important insights into understanding financial crises and the business cycle
- Provides a clear analysis of the concept of uncertainty in the financial system
- Valuable contribution to understanding the work of Keynes
Kontra
- Confusing writing style and lack of glossary
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IDR 767536
Pesan sekarang dan dapatkan kira-kira pada Selasa, Agustus 11
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Fitur & Manfaat
- Revisit Hyman Minsky's crucial work on economics.
- Understand the relevance of Minsky's theories in today's financial landscape.
- Explore how uncertainty drives financial system crises.
- Learn how benign economic conditions can increase market fragility.
- Discover the relationship between aggressive financial wagers and economic downturns.
- Get insights from notable economists on reforming economic theory.
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