The Macroeconomics of Finance dominated Capitalism and Its Crisis is popular PDF and ePub book, written by Eckhard Hein in 2012-01-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Macroeconomics of Finance dominated Capitalism and Its Crisis can be Read Online from any device for your convenience.
The Macroeconomics of Finance dominated Capitalism and Its Crisis Book PDF Summary
'The rise to dominance of finance in the past three decades has had many profound effects on economic performance. In this book Eckhard Hein provides us with detailed, well-grounded and highly insightful analyses of the macroeconomic impacts on investment, employment, global imbalances, income distribution and much more. This is "must read" for those wanting to comprehend the macroeconomics of the era of financialization, and for those seeking macro-economic policies to address the financial crisis and bring economic prosperity.' – Malcolm Sawyer, University of Leeds, UK 'Eckhard Hein examines the causes and consequences of financialisation. His book is economics as it should always be: it combines reflections, data gathering, empirical analysis, theoretical formalization, and policy recommendations. Hein goes beyond the exuberant behaviour of the banking industry to analyse the global financial crisis and the eurozone crisis, showing, through various variants of a Kaleckian growth model, the macroeconomic consequences of the rising dominance of finance over modern capitalism during the last three decades.' – Marc Lavoie, University of Ottawa, Canada In this timely and thought-provoking book, Eckhard Hein illustrates that the Great Recession, which hit the world economy in 2008/09, is rooted in the contradictions of finance-dominated capitalism. the author provides an in-depth exploration of the macroeconomics of finance-dominated capitalism, its problems and its crisis, and presents economic policy lessons and alternatives. In particular, he shows that since the early 1980s, finance-dominated capitalism has affected long-run economic developments via three distinct channels: • the re-distribution of income at the expense of low labour incomes, • the dampening of investment in real capital stock, • and an increasing potential for wealth-based and debt-financed consumption. the author concludes that against the background of these basic macroeconomic tendencies, increasing instability potentials at the national economy levels and rising current account imbalances at both global and European levels have developed and have contributed to the severity of the Great Recession. This systematic study of finance-dominated capitalism presented from a macroeconomic perspective will prove a thought-provoking read for academics, researchers, graduate students and economic policy consultants with an interest in macroeconomics, financial economics, economic policies, and distribution and growth.
Detail Book of The Macroeconomics of Finance dominated Capitalism and Its Crisis PDF
- Author : Eckhard Hein
- Release : 01 January 2012
- Publisher : Edward Elgar Publishing
- ISBN : 9781781009161
- Genre : Business & Economics
- Total Page : 233 pages
- Language : English
- PDF File Size : 19,9 Mb
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