The Great Recession: Market Failure or Policy Failure? - Studies in Macroeconomic History - Robert L. Hetzel - Books - Cambridge University Press - 9781107459601 - October 30, 2014
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The Great Recession: Market Failure or Policy Failure? - Studies in Macroeconomic History

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The 2008–9 recession destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations, reviving credit-cycle explanations of recession that dominated nineteenth- and early twentieth-century thinking. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation.


400 pages, 64 b/w illus. 4 tables

Media Books     Paperback Book   (Book with soft cover and glued back)
Released October 30, 2014
ISBN13 9781107459601
Publishers Cambridge University Press
Pages 400
Dimensions 153 × 229 × 24 mm   ·   630 g
Language English  

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