Green Keynesianism And The Global Financial Crisis

Author : Kyla Tienhaara
Publisher : Routledge
Page : 190 pages
File Size : 41,5 Mb
Release : 2018-04-17
Category : Business & Economics
ISBN : 9781351375665

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Green Keynesianism and the Global Financial Crisis by Kyla Tienhaara Pdf

It is widely accepted that limiting climate change to 2°C will require substantial and sustained investments in low-carbon technologies and infrastructure. However, the dominance of market fundamentalism in economic thinking for the past three decades has meant that governments have generally viewed large spending programs as politically undesirable. In this context, the Global Financial Crisis (GFC) represented a huge opportunity for proponents of public investment in environmental projects or "Green Keynesianism". This book examines the experience of Australia, Canada, Japan, Korea, and the United States with Green Keynesian stimulus programs in the wake of the GFC. Unfortunately, on the whole, the cases do not provide much optimism for proponents of Green Keynesianism. Much less funding than was originally allocated to green programs was actually spent in areas that would produce an environmental benefit. Furthermore, a number of projects had negligible or even detrimental environmental outcomes. While the book also documents several success stories, the research indicates overall that more careful consideration of the design of green stimulus programs is needed. In addition to concrete policy advice, the book provides a broader vision for how governments could use Keynesian policies to work toward creating an "ecological state". This book will be of great interest to students and scholars of environmental politics, environmental economics, political economy, and sustainable development.

Author : Anthony Crescenzi
Publisher : FT Press
Page : 305 pages
File Size : 44,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780132595216

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Beyond the Keynesian Endpoint by Anthony Crescenzi Pdf

Since the 1930s, governments have overcome recessions by borrowing and spending to temporarily replace lost consumer and business spending. What happens when they can't do it anymore? In Beyond the Keynesian Endpoint , PIMCO Executive VP Tony Crescenzi offers a sobering tour of today's unprecedented global sovereign debt crisis.

Author : Philip Arestis,Malcolm Sawyer
Publisher : Springer Nature
Page : 386 pages
File Size : 48,6 Mb
Release : 2021-11-16
Category : Political Science
ISBN : 9783030842888

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Economic Policies for Sustainability and Resilience by Philip Arestis,Malcolm Sawyer Pdf

This book explores the issues caused by climate change and environmental degradation, alongside the economic policies that can help secure an environmentally sustainable future. Through examining sustainability and resilience, the neoliberal globalised trading system and recent economic policies are questioned to inquire into whether capitalist economies are compatible with addressing climate change. Prolonged economic growth, forms of ownership, economic equality, the global ecosystem, universal basic services, the Green New Deal, and inclusive growth, are also discussed. Economic Policies for Sustainability and Resilience aims to provide policy options to develop sustainable and resilient market economies. It will be relevant to students, researchers, and policymakers interested in the political economy, environment economics, and economic policy.

Author : Giancarlo Bertocco
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 50,6 Mb
Release : 2017-03-14
Category : Electronic
ISBN : 9781785365355

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Crisis and the Failure of Economic Theory by Giancarlo Bertocco Pdf

Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happen, the economics profession has justified decisions and behaviours that caused the Great Recession. This book presents an alternative theoretical approach built on the lessons of Marx, Keynes, Schumpeter, Kalecki, Kaldor and Minsky, which highlights the structural instability of a capitalist economy and the endogenous nature of the current crisis.

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 49,8 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780857934239

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The Global Financial Crisis by Steven Kates Pdf

The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives Ð which are themselves critically examined Ð this study analyses the measures that have been taken to restore our economies to acceptable rates of unemployment and growth. This book brings together economists, all of whom are from outside the mainstream and who collectively represent the broadest range of views from across the entire spectrum of economic opinion, to examine what has been learnt from this experience. With the advent of this challenging new work, these alternative perspectives should now receive a far closer examination given the unmistakable economic failures endured over the past few years. Written in an accessible manner, this book will appeal to economists, economic policy-makers and students of economics and public policy who are trying to look at alternative ways of understanding why the Global Financial Crisis (GFC) occurred and what ought to have been the appropriate response. Anyone who is genuinely interested in the causes of the GFC, and why the policies that were adopted failed to bring about the recovery that was intended, will find this book a fascinating read.

Author : Geoff Mann
Publisher : Verso Books
Page : 432 pages
File Size : 43,7 Mb
Release : 2017-01-24
Category : Political Science
ISBN : 9781784786021

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In the Long Run We Are All Dead by Geoff Mann Pdf

A groundbreaking debunking of moderate attempts to resolve financial crises In the ruins of the 2007–2008 financial crisis, self-proclaimed progressives the world over clamored to resurrect the economic theory of John Maynard Keynes. The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries. If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 42,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849803397

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Macroeconomic Theory and Its Failings by Steven Kates Pdf

This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Author : Paul Davidson
Publisher : Unknown
Page : 0 pages
File Size : 53,7 Mb
Release : 2015
Category : Economic policy
ISBN : 1784718246

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Post Keynesian Theory and Policy by Paul Davidson Pdf

How did economic ''experts'' worldwide fail to predict the financial crisis of 2007-2008? Eminent economist Paul Davidson discusses how mainstream economic theory may not be applicable to the world of experience. Post Keynesian theory, on the other hand, is designed to be applicable to the real world, and this book shows how applying it to policy formulation could help practically resolve economic problems. Davidson goes on to show how many Post Keynesian economists warned of the crisis as early as 2002. Post Keynesian Theory and Policy challenges the axioms on which orthodox economic theory is based and argues against their applicability to a money-using, market-oriented economy. It explores the basis for Keynes's revolutionary general theory and seeks to dispel misconceptions often found in orthodox textbooks. This accessible and expertly constructed book explains why modern economies use money-denominated contracts to organize all market transactions for production and exchange and why the law of comparative advantage's argument for free trade is not applicable to mass production industries' exports and imports. This book is a valuable resource for professional economists as well as students and academics in economics, political Science, and history, who will appreciate its new perspective and analysis of global financial events.

Author : John Eatwell,Murray Milgate
Publisher : Oxford University Press, USA
Page : 448 pages
File Size : 51,9 Mb
Release : 2011-03-17
Category : Business & Economics
ISBN : 9780199924271

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The Fall and Rise of Keynesian Economics by John Eatwell,Murray Milgate Pdf

During the 1970s, monetarism and the new classical macroeconomics ushered in an era of neoliberal economic policymaking. Keynesian economics was pushed aside. It was almost forgotten that when Keynesian thinking had dominated economic policymaking in the middle decades of the twentieth century, it had coincided with postwar economic reconstruction in both Europe and Japan, and the unprecedented prosperity and stable growth of the 1950s and 1960s. The global financial crisis of 2007-2009 and the recession that followed changed all that. Influential voices in both academic economics and amongst policy-makers and commentators began to remind us how useful Keynesian ways of thinking could be, especially in coming to terms with our current economic predicaments. When politicians across the globe were confronted with economic crisis, they introduced pragmatic and workable measures that bore all the hallmarks of Keynesianism. This book is about the fall and rise of Keynesian economics. Eatwell and Milgate range widely across the landscape that defines their subject matter. They consider how powerful Keynesian ideas can be when applied to past and present economic problems. They show how helpful these ideas are in explaining why we came to find ourselves in the disorder we are in. They examine where and how the analytical and methodological foundations of conventional macroeconomic wisdom went wrong. They set out a blueprint for an alternative that provides a clearer, more consistent, and more applicable approach to understanding how markets work. They also highlight the interpretive shortcomings that have come to characterize Keynes scholarship itself. They do all of this within the context of a provocative reconsideration of some of the most pressing economic problems that confront financial markets and the global economy today. They conclude that Keynesian ideas are not just for crises, but for constructive economic policy making at all times.

Author : Joshua Farley,Deepak Malghan
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 41,5 Mb
Release : 2016-06-29
Category : Business & Economics
ISBN : 9781783472499

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Beyond Uneconomic Growth by Joshua Farley,Deepak Malghan Pdf

This engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world's ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become "uneconomic" and adds to a ravaging of both social and ecological cohesion.

Author : John Maynard Keynes
Publisher : 北戴河出版
Page : 128 pages
File Size : 44,5 Mb
Release : 2016-10-24
Category : Business & Economics
ISBN : 8210379456XXX

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The Economic Consequences of the Peace by John Maynard Keynes Pdf

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 48,7 Mb
Release : 2014-08-25
Category : Business & Economics
ISBN : 9781475566987

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Finance & Development, September 2014 by International Monetary Fund. External Relations Dept. Pdf

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.

Author : Tim Jackson
Publisher : Taylor & Francis
Page : 310 pages
File Size : 47,9 Mb
Release : 2016-12-08
Category : Business & Economics
ISBN : 9781317388227

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Prosperity without Growth by Tim Jackson Pdf

What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Author : Laurent Ferrara,Ignacio Hernando,Daniela Marconi
Publisher : Springer
Page : 298 pages
File Size : 54,6 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9783319790756

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International Macroeconomics in the Wake of the Global Financial Crisis by Laurent Ferrara,Ignacio Hernando,Daniela Marconi Pdf

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Author : Sevil Acar,Erinc Yeldan
Publisher : Academic Press
Page : 208 pages
File Size : 42,5 Mb
Release : 2019-07-15
Category : Business & Economics
ISBN : 9780128166352

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Handbook of Green Economics by Sevil Acar,Erinc Yeldan Pdf

The Handbook of Green Economics reveals the breadth and depth of advanced research on sustainability and growth while identifying opportunities for future developments. Through its multidimensional examination, it demonstrates how overarching concepts such as green growth, low carbon economy, circular economy, and others work together. Some chapters reflect on different discourses on the green economy, including pro-growth perspectives and transformative approaches that entail de-growth. Others argue that green policies can spark economic innovation, particularly in developing and emerging market economies. Part literature summary, part analysis, and part argument, The Handbook of Green Economics shows how the right conditions can stimulate economic growth while achieving environmental sustainability. The Handbook of Green Economics is a valuable resource for graduate students and academic researchers focusing on the green economy. With an increasing interest in the topic among researchers and policy makers, this book will set out different theoretical perspectives and explore the policy implications in this growing subject area. Covers the failures of the past, the challenges of the present, and the opportunities of the future Surveys 10 aspects of the green economy, including conceptualization, natural capital, poverty and inequality, employment, and finance Emphasizes the theoretical and empirical aspects of greening approaches that are policy-relevant